Abu Dhabi's Investment Office has opened a representative office in Tel Aviv due to common interests • Chief Scientist: "A unique opportunity to leverage the UAE's dynamic economy and Israel's sweeping innovation culture"
The Abu Dhabi Investment Ministry (ADIO) recently opened a representative office in Tel Aviv and established official contacts with two other government bodies in Israel, in order to accelerate cooperation in the fields of investment and innovation in the private sector between the two markets.
Archive photo: GPO
The separate cooperation agreements signed with Invest in Israel and the Israel Innovation Authority are part of a series of strategic initiatives that ADIO has undertaken to implement in order to create additional and greater opportunities for the private sector in Israel.
Muhammad Ali al-Shurafa, chairman of the Department of Economic Development in Abu Dhabi, said that "as a regional leader in the fields of technology, research and development, Abu Dhabi identifies synergies with Israeli bodies focused on innovation in agricultural technologies, biomedicine and advanced manufacturing.
These agreements are a significant milestone in the campaign to promote cooperation between our two markets in navigating the search for solutions that can benefit a wide area. "
Economy and Industry Minister Amir Peretz said, "The Ministry of Economy and Industry is pleased to support and accompany the agreements. I would like to thank Ms. Ziva Eiger, who in her role as Head of the Industrial Cooperation and Foreign Investment Promotion Authority, pushed and promoted the strategic dialogue with ADIO and the signing of this agreement."
Dr. Tariq Bin Hendy, CEO of ADIO, the government center that supports private sector investment in Abu Dhabi, said: "Abu Dhabi is a well-established destination for businesses and startups from around the world, and we look forward to welcoming Israeli companies that identify with our aspiration to develop secondary innovations. world".
Dr. Ami Applebaum, Chief Scientist, Ministry of Economy and Industry and Chairman of the Israel Innovation Authority, stated that "The agreement between the Innovation Authority and ADIO is a unique opportunity to leverage the dynamic economy of the United Arab Emirates and Israel's sweeping innovation culture. Benefit for both countries, based on Abu Dhabi's status as a global hub for business and innovation and on the creative entrepreneurial spirit that characterizes Israel in combination with groundbreaking academic research. "