UAE studies the investment in Israel
Minister of Industry and Advanced Technology, Dr Sultan Al Jaber, stated on Tuesday that the UAE’s declaration to study the investment prospections of $10 billion in Israel is commercially driven and not politically associated, and it is in harmony with the UAE’s filed for looking for investment opportunities around the world.
Dr Al Jaber emphasized that we are at a very early stage in studying the laws and policies in Israel and affirmed that we are establishing what bilateral agreements need to be in place to support and protect our investments. He also said that the UAE has a long history and rich track record in making the right investments in the right locations, based on the commercial assessment of that market.
Indeed, the UAE declared last Thursday that it is evaluating the prospect of investing $10 billion in a number of domains such as energy, manufacturing, water, space, health care and agri-tech. Nevertheless, Dr Al Jaber said that these are very early days, noting that there still many issues that should be solve before making any investments.
As responses to some questions about the envisioned investment in Israel, Dr Al Jaber explained that the UAE is always looking for attractive investments in the right locations, in a highly competitive world. There are plenty of opportunities in different markets and we continue to evaluate them based on both strategic merits and commercial value.
