RIYADH: Saudi Arabia"s National Agricultural Development Co. (NADEC) signed three Memoranda of Understanding (MoUs) with Pure Harvest Smart Farms to build and operate a high-tech hydroponic climate-controlled greenhouse. According to a bourse filing, the first deal is a long-term lease agreement in the Nadec project in Haradh for a period of 20 years, starting from the date of agreement and able to extend. This deal involves the construction, development, and operation of the tenant of high-tech smart agricultural greenhouses in the city of Nadec with an area of at least 40 hectares, NADEC said on Saudi Stock Exchange (Tadawul). The second is a Utility Service Agreement for Energy, Electricity and Ancillaries, where NADEC will provide and sell utility services and energy outputs from the date of operation until the end of the lease agreement . The third is a framework agreement regarding cooperation in the provision of common services. NADEC and Pure Harvest Smart Farms will continue negotiations with regards to potential further strategic cooperation, NADEC said. Financial impact and any developments in this regard will be announced once completed.