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First-Ever Green Tech Deal Signed Between Emirati, Israeli Companies


Daniel Sonnenfeld
03/01/2021
The bidirectional agreement will see Israeli green technologies exported to the Gulf region, Emirati tech exported to Israel
A deal signed between the Israeli company Gulf-Israel Green Ventures (GIGV) and the Emirati United Stars Group (USG), lays the groundwork for the trade of green technologies between the two countries. The Gulf countries have set ambitious environmental goals, which are rapidly developing, and Israel has a lot to offer, says Asher Fredman, GIGV CEO.
The deal announced on Sunday that was signed between Fredman and USG founder and president, Omar Al Suwaidi, is intended to facilitate trade specifically in green technologies between the countries. The two companies said in a statement that “the historic deal is focusing on sustainable development projects in the broader Gulf region.” This is the first agreement of its kind between an Israeli and Emirati company. The partner companies already are working on a joi ....

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