Freshfields advises Plenty Unlimited Inc. on its $680m joint venture with Mawarid, a subsidiary of Alpha Dhabi Holding, to develop a network of indoor farms in the Middle East over the next five years. Plenty is an indoor vertical farming technology company, which develops farms capable of growing clean produce year-round, anywhere in the world. Its new farms in the Middle East will produce fresh produce for local consumption and export within the Guld Cooperation Council member countries.

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The Freshfields team advising on the transaction is being led in the US by partner Andrea Merediz Basham, supported by senior associates Ted Haxby and Dilara Alpli, and in Abu Dhabi by Partner Tom Lawless supported by senior associate Mohammed Sayeed. Partner Mena Kaplan, senior associate Danny Spencer and associate Chinyere Obi are advising on IP and licensing matters. Tax advice is being provided by partner Claude Stansbury and counsel Dennis Caracristi.