OurCrowd, the world’s leading crowdfunding platform, and the Emirates Angels Investors Association, an Emirati angel investment network, today hosted an online occasion that gave Israeli investors and marketers a first glimpse into the generation opportunities to be held in the UAE following the historic diplomatic agreement. . between the two countries. The UAE Technology Investment Landscape: Introduction to the Israeli Ecosystem surpassed the 2,000 registered members who were able to hear for the first time some of the UAE’s most sensitive business leaders and officials.
That. Dr. Tariq Bin Hendi, Director General of the Abu Dhabi Investment Office, and Abdullah S. Al Naboodah, president of Dubai-based investment company Al Naboodah and a member of one of the largest and most successful business families in the UAE, opened the way. A special greeting included from Dhaher bin Dhaher Al Mheiri, CEO of Abu Dhabi Global Market.
“We are really excited to have signed with OurCrowd,” said Al Naboodah, who has created a $100 million component partnership with OurCrowd to invest in new businesses across the region. “For our company, it is imperative that we be part of the corporations that started dating Israeli corporations. We believe that many startups in this domain would like someone like OurCrowd to help them grow. The UAE has been the center of the Arab world in terms of generation corporations. sold for more than a few billion dollars. “
We are a very hospitable nation,” Dr. Tariq Bin Hendi said.
The topics discussed at the time included the innovation ecosystem of the UAE and key sectors, Agritech, Edtech, Healthtech and Robotics.
Dr. Sabah al-Binali, ourCrowd’s chief operating officer in the United Arab Emirates and Gulf region, said:
“The similar length of the Emirati and Israeli economies and their complementary capabilities make them incredibly compatible for joint ventures. Everyone knows that there was an opportunity, and now that the opportunity from a legal point of view has presented, other people are moving. In the United Arab Emirates, Israelis will find a friendly trading environment with world-class regulators, a sales tax of only 5%, and no corporate taxes. For someone who used a corporate tax rate of 35%, this represents a 50% increase in profits. “
Masaood al-Masaaod, president of Emirates Angels, said the ecosystem of the United Arab Emirates has grown over the past two years and that angel investors can take advantage of many players.
“When we take a look at Israel, known as Startup Nation, we have a lot to be informed of the successes that exist in many spaces such as agriculture, health, synthetic intelligence, security and many others that we can collaborate on.
Ralph Debbas, CEO of W Motors, author of the Arab world’s first supercar, said the United Arab Emirates was the right ecosystem to start a new business.
“With regard to the autonomy system, having definitely foreign partners as corporations in Israel and others, they are more than welcome to join us in this initiative to start introducing their technologies to the UAE.
Jon Medved, CEO of OurCrowd, explained that the Emirati startups we are already in are going to be very attractive to Israeli investors.
“It’s fun to do business with other people who are excited and positive about recent developments. The stars are aligned for a smart start to a long-term, fruitful and productive appointment between Israeli and Emirati investors. We are excited about the opportunity”. a paintings with investors and entrepreneurs from the UAE.
Medved said the number of UAE start-ups that are already exciting for investors.