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Abu Dhabi Investment Office kickstarts Israel activities with online event

Live office launch on Monday will highlight strategic opportunities and incentives for Israeli firms in the UAE; health, agriculture, fintech are fields of potential collaboration

Shoshanna Solomon is The Times of Israel's Startups and Business reporter

Tariq Bin Hendi, director general of the Abu Dhabi Investment Office, signs a cooperation agreement virtually with David Leffler, director general of the Ministry of Economy and Industry of Israel (on screen). (Courtesy)
Tariq Bin Hendi, director general of the Abu Dhabi Investment Office, signs a cooperation agreement virtually with David Leffler, director general of the Ministry of Economy and Industry of Israel (on screen). (Courtesy)

The Abu Dhabi Investment Office (ADIO) is set to officially launch its activities in Israel by holding a live online event on Monday to highlight the strategic opportunities and incentives for Israeli firms in the UAE.

The ADIO Israel office seeks to help Israeli firms from specific industries integrate into the innovation ecosystem of Abu Dhabi.

“Following the historic Abrahamic Agreements, the technology, health, agriculture and financial services industries are areas where the UAE and Israel can support a model of both regional and international cooperation,” said Mohammad Mahmoud Al Khajah, UAE’s first ambassador to Israel, in a text message. “The Abu Dhabi Investment Office in Tel Aviv will help Israeli companies navigate the UAE economic market and develop opportunities.”

The Abraham Accords signed in September 2020 have normalized relations between Israel and the UAE and Bahrain, followed by agreements with Sudan and Morocco, creating a buzz of excitement regarding the potential for economic cooperation, particularly in the field of technology.

Hundreds of attendees have signed up for the event, which will feature as speakers UAE Ambassador to Israel Mohammed Al-Khajah; Tariq Bin Hendi, director general of the ADIO; Monira Hisham Al-Kuttab, the executive director of the ADIO; and Israeli entrepreneur Eyal Waldman, the founder and former president and CEO of Mellanox Technologies Ltd., acquired by US chip maker Nvidia.

The Abu Dhabi Investment Office (ADIO) has signed cooperation agreements with two Israeli bodies, Invest in Israel and the Israel Innovation Authority, to speed up private sector collaborations on investment and innovation. The organization has also signed an accord with the Israel Export Institute to strengthen the foundations for bilateral trade and investment with Israel.

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