The Abu Dhabi Investment Office forges links with two Israeli entities.

The Abu Dhabi Investment Office (ADIO) has established official links with two other key Israeli government entities to accelerate private sector collaboration on investment and innovation: Invest in Israel and the Authority. Israeli innovation.

As part of these agreements, ADIO will work closely with the two organizations to enable collaborative opportunities between companies.

Mohammed Ali Al Shorafa, Chairman of the Abu Dhabi Economic Development Department (ADDED), said: “As a regional leader in technology and R&D, Abu Dhabi sees synergies with Israeli entities in multiple sectors focused on innovation, including AgTech, biomedicine and advanced manufacturing. The cooperation agreements mark an important step in the way of collaboration between our two markets in the search for solutions which can benefit the whole region ”.

Amir Peretz, Israeli Minister of Economy and Industry, commented: “The Ministry of Economy and Industry is delighted to support the cooperation agreements between Invest in Israel and also the Israel Defense Authority. innovation with the Abu Dhabi Investment Office. We are confident that these mutual alignments will further strengthen the economic dialogue between Israel and the UAE and promote collaboration among nations. I would like to thank Ziva Eger who, in her capacity as Managing Director of Invest in Israel and the Industrial Cooperation Authority, promoted and led the strategic dialogue with ADIO and the signing of this agreement ”.

Dr Tariq Bin Hendi, Managing Director of ADIO, said: “Abu Dhabi is an established destination for businesses and start-ups around the world. We have received an astonishing response from Israeli companies and we are currently in talks with a large number of entrepreneurs, start-ups and Israeli companies about the expansion in Abu Dhabi, some of whom have it. already done “.

David Leffler, Director General of Israel’s Ministry of Economy and Industry, said “We are delighted to announce a historic collaboration between the Israel Investment Promotion Unit – Invest in Israel – and its parallel to Abu Dhabi – Abu Dhabi Investment Board. The two organizations share a common vision of leading international trade and investment relations between Israel and the UAE ”.

Dr Ami Appelbaum, Chief Scientist of the Ministry of Economy and Industry and Chairman of the Israel Innovation Authority, said: “The agreement between the Innovation Authority and ADIO is a unique opportunity to take advantage of the UAE’s vibrant economy and Israel’s innovative culture.

In addition, ADIO also recently opened its first international office in Tel Aviv.

Source: TradeArabia & Israel Valley

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