ADIO establishes first investment office in Israel

Abu Dhabi Investment Office's Tel Aviv office is expected to be operational in the coming months

Abu Dhabi
CW Archives
Abu Dhabi

The Abu Dhabi Investment Office (ADIO) has plans to open a network of international offices to support global companies looking to establish and expand their operations in the UAE capital. As part of its plans, the government authority is establishing its first international office in Tel Aviv, Israel and will focus on facilitating connections between innovation-focused companies and organisations in Abu Dhabi and Israel.

The opening of a representative office in Tel Aviv follows the UAE’s expansion of diplomatic and commercial cooperation with Israel.

An international network of representative offices will enable ADIO to seamlessly support innovative international companies and individuals to grow and expand in the emirate.

ADIO plans to open additional offices in Europe, North America and Asia, UAE's state-run news agency Wam reported.

Areas identified for possible close collaboration between Abu Dhabi and Israel include advanced technology and research and development, across sectors such as AgTech, biomedicine and advanced manufacturing. 

Commenting on ADIO's plans to establish an investment office in Israel, chairman of Abu Dhabi Department of Economic Development (ADDED), Mohammed Ali Al Shorafa, said: "Abu Dhabi is outward-looking, forward-thinking and committed to global cooperation and mutually beneficial trade. The opening of an international network of investment offices will create new opportunities to connect with innovators from around the world and work together to solve challenges of global importance."

ADIO is currently in discussions with Invest in Israel at the Ministry of Economy and Industry, and a number of other Israeli entities to unlock investment and partnership opportunities for companies in Israel and Abu Dhabi with a strong focus on innovation and technology.

Minister of economy and industry in Israel, Amir Peretz, said: "The Ministry of Economy and Industry is delighted to support the opening of ADIO’s office in Israel, and is sure that this move will contribute to the strengthening of the economic dialogue between Israel and Abu Dhabi to promote collaboration between the nations."

Director-general of ADIO, Dr Tariq Bin Hendi, said: "Cooperation between Abu Dhabi and Israel in areas like AgTech, for instance, will create innovations that are exportable and relevant to countries with similar climate conditions. Establishing a representative office in Israel is an important next step to making that happen, enabling us to continue focusing on growing sectors with the greatest potential to positively impact the wider region."

ADIO’s Tel Aviv office is expected to be operational in the coming months.

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