Abu Dhabi ‘well-positioned to partner with Israeli organizations at forefront of innovation’

ABU DHABI: “We want to ensure Israeli firms can tap into everything that Abu Dhabi has to offer as a vibrant global business center,” said Dr. Tariq bin Hendi, director-general of the Abu Dhabi Investment Office (ADIO).

“Over the coming months, we look forward to working with Invest in Israel to explore opportunities that will benefit companies in Israel and Abu Dhabi,” said the director-general.

The Abu Dhabi Investment Office 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 organizations over the coming months.

The organizations 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.

Dr. Tariq bin Hendi added: “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 organizations at the forefront of innovation.”

He continued: “ADIO is committed to helping companies from across the world, establish and grow in Abu Dhabi. We want to ensure Israeli firms can tap into everything that Abu Dhabi has to offer as a vibrant global business center.”

Ziva Eger, CEO 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 organizations share a mutual vision of leading international trade relations and investments between Israel and the UAE.”