Tue 01 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 news follows a meeting between the two groups on Monday after the historic peace deal announcement between the UAE and Israel last month.
ADIO is the central government hub for supporting investment in Abu Dhabi and focuses on enabling domestic and foreign investors to support the emirate’s economic priorities.
“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 centre. Our Investor Care team is on hand to facilitate connections throughout Abu Dhabi’s ecosystem and 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,” Bin Hendi concluded.
Invest in Israel promotes and manages foreign investment into the country on behalf of the Israeli government. According to the group’s site, it already works with over 40 countries around the world.
“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,” Ziva Eger, CEO of Invest in Israel said.
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.
