Abu Dhabi, Israel set plan for investment cooperation

By DG Staff

ABU DHABI 2 September 2020: The Abu Dhabi Investment Office (ADIO), and Invest in Israel have opened discussions following a landmark meeting on Monday. The meeting took place virtually and set out a plan for establishing formal cooperation between the two organisations over the coming months.

The organisations will explore mutually beneficial areas of collaboration to unlock investment and partnership opportunities for companies in Israel and Abu Dhabi with a strong focus on innovation and technology, said official news agency Wam.

Dr. Tariq bin Hendi, Director-General of ADIO, the government hub supporting private sector investment in the Emirate of Abu Dhabi, said, “As a leading centre for R&D in the region, home to the thriving tech industry and the Middle East’s first Advanced Technology Research Council, Abu Dhabi is well-positioned to partner with Israeli organisations at the forefront of innovation.”

Ziva Eger, Chief Executive of Invest in Israel, said, “We are delighted to announce a historic collaboration between the Israeli investment promotion unit – Invest in Israel – and its parallel in Abu Dhabi – Abu Dhabi Investment Office. Both organisations share a mutual vision of leading international trade relations and investments between Israel and the UAE.”

Eger continued, “Israel’s ecosystem has a lot to offer to the UAE’s economy in terms of innovation, specifically in the Life Sciences, CleanTech, Agtech and Energy sectors. We are thrilled by these developments and confident that together we will move forward towards a better common future for Israel and the UAE.”

The initial meeting was held between Ziva Eger, Chief Executive of Invest in Israel and Monira Hisham Al-Kuttab who leads ADIO’s international promotional activity. Discussions between ADIO and Invest in Israel will continue with future meetings scheduled throughout September.

UAE, Israel committee for banking cooperation

Abdulhamid Saeed Alahmadi, Governor of the UAE Central Bank, and Ronen Peretz, Director-General of the Israeli Prime Minister’s Office, have signed a Memorandum of Understanding, MoU, for future cooperation in the banking and financial sector.

During a meeting held in Abu Dhabi today, parties agreed to form working groups and bilateral committees to facilitate banking between the UAE and Israel. The MoU was signed in the presence of Meir Ben-Shabbat, National Security Adviser and Head of the Israeli National Security Council.

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