![]() They want to build joint ventures, engage in technology transfer, build startups, do business and create jobs and long-term value and partnership.” My sense is they don’t want to be passive investors. However, he adds, “The real challenge for us is how we can really make this a win-win by trying to understand what they want. are not only deep-pocketed but incredibly skilled, experienced and sharp.” “For the startup community, the agreement will open up a source of tremendous new investment from the best investors in the world. “We will sell them enormous amounts of health gear and ag-tech, education-tech and cybersecurity,” he predicts. “For most of us, the Arab world has been more or less an afterthought and that’s about to change,” he says. Medved reiterated that the UAE has long done business quietly with Israel but now will become a bigger trade partner and a bridge to other Gulf-region markets for Israel. I was amazed how open they are to us and how aware they are of what is going on in our country.” “You could tell we are in historic times. “I wasn’t sure they would let me speak openly about Israel, but on the contrary, they wanted me to talk about Israel’s ecosystem,” says Medved. Jon Medved being interviewed by Natasha D’Souza at the SALT conference in Abu Dhabi in December 2019. He was the first Israeli investor to appear on a public stage in the UAE. Medved spoke in Abu Dhabi last December at the SkyBridge Alternatives (SALT) investment conference. “They’ve got world-class hospitals and there is huge interest in working with Israel on healthcare technology, telemedicine and digital health,” he tells ISRAEL21c. Medved has been traveling to the UAE (on his US passport) for years, building contacts between Israeli and Gulf entrepreneurs, investors and experts. The development of coronavirus vaccines, therapeutics and testing will “absolutely” figure prominently in Israeli-UAE deals following the Abraham Accord, says Jon Medved, CEO of Jerusalem-based OurCrowd. The new agreement puts an official stamp of approval on this ongoing relationship and allows it to expand in full daylight. Israel’s culture and sports minister came to the Abu Dhabi Grand Slam judo competition in October 2018 – where, for the first time, the UAE permitted Israeli competitors to wear their national flag on their uniforms, and played the Israeli national anthem on the winners’ podium. In 2018, Israel’s communications minister attended a telecommunications conference in Dubai in 2019, Israel’s foreign minister spoke at a UN environmental conference in Abu Dhabi.įrom left, President of UAE Judo & Wrestling Federation Mohamed Bin Tha’loob al Derai, Israeli Sports and Culture Minister Miri Regev, 81kg winner Sagi Muki, and International Judo Federation President Marius Vizer. In 2015, Ministry of Foreign Affairs Director General Dore Gold opened a diplomatic mission in Abu Dhabi connected to the International Renewable Energy Agency. Under-the-radar business and security ties have been building over the past 20 years, and diplomatic ties more recently. One big difference is that Israel and the UAE - a federation of seven states including Dubai and Abu Dhabi - do not share a border and never warred with one another. ![]() ![]() “This is the greatest advancement toward peace between Israel and the Arab world in the last 26 years, marking the third formal peace between Israel and an Arab nation, after Egypt (1979) and Jordan (1994),” he said. Netanyahu said the two technologically advanced countries will open mutual embassies and direct flights, among other bilateral agreements. In the culture arena, Israeli singer Omer Adam announced today that the UAE royal family invited him to perform a private concert. On August 15, UAE company APEX National Investment signed a strategic commercial agreement with Israel’s TeraGroup to develop SARS-CoV-2 research. “Today we usher in a new era of peace between Israel and the Arab world,” said Prime Minister Benjamin Netanyahu in announcing the US-brokered Abraham Accord with Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan (“MBZ”).Įven before the accord, on July 3, Rafael Advanced Defense Systems and Israel Aerospace Industries of Israel signed agreements with Abu Dhabi’s Group 42 concerning R&D collaborations for solutions to SARS-CoV-2, the virus that causes Covid-19. The historic pact is expected to trigger numerous joint projects in health, economics, agriculture, water technology, telecommunications, security, culture, tourism and other fields. Overcoming the Covid-19 pandemic could be just one of many positive results of Israel and the United Arab Emirates establishing full diplomatic relations on August 13, 2020.
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