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UAE to increase investment in Israel’s private sector
UAE to increase investment in Israel’s private sector
The Abu Dhabi Investment Office hails the opening of its Tel Aviv mission as “a significant milestone on a journey to advance collaboration between our two markets in pursuit of solutions that can benefit the wider region.”
By Eran Bar-Tal
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(February 25, 2021 / Israel Hayom) The United Arab Emirates office responsible for attracting foreign and domestic investment recently opened a mission in Tel Aviv and signed agreements with two offices at Israel’s Economy Ministry aimed at accelerating private-sector collaboration in various fields of innovation.
Efforts to dislodge a giant container ship blocking the Suez Canal had allowed its stern and rudder to move on.
ADIO CEO Tariq Bin Hendi said, “Abu Dhabi is an established destination for businesses and startups from all over the world. We have had an amazing response from Israeli companies, and are currently in discussions with a large number of Israeli entrepreneurs, startups and businesses about expanding to Abu Dhabi, some of which already have.”
He added that the “cooperation agreements with Invest in Israel and the Israel Innovation Authority will accelerate partnerships and opportunities for businesses in our two markets. It is truly amazing to see how far we have come since our initial meeting with Ziva Eger [who heads the Economy Ministry’s Foreign Investments & Industrial Cooperation] and her team at Invest in Israel in the days following the announcement of the Abraham Accords. Both of these partnerships and much of the activity to date can be attributed to that