November Edition 2020

22 “As much as they know that access to capital is their strength, UAE investors are equally aware that research and development, human capital and academic support are the Achilles heel of their ability to innovate locally.” They want Israeli expertise and know-how in exchange for their investment. Asked which sectors were of particular interest, a common theme emerged – "added value tech", they called it – areas where Israeli expertise could make a meaningful difference to theUAE–defense, cyber security andhealthcarewere common themes.” The remarkable development in the use of IoT technology and artificial intelligence in theUAEwill bemet with tremendous acceptance by Israeli companies, and investment cooperation between emerging technology companies. In the sweet spots where technology and traditional sectors mix, the potential looks hugely promising. One hot industry will be healthcare technology. As DLA’s Lustman points out: “Specifically at this critical time, the countries will be working together on research and technology to fight the COVID-19 pandemic. Between the UAE’s financial capabilities and Israel’s leading technology and healthcare capabilities, they recognize that if they work together, much can be accomplished." Just days after normalization ties were announced, UAE-based public investment company, APEX National Investment announced plans to invest in applied research by Israeli tech company TeraGroup on Covid-19, while Israel’ s Pluristem and Abu Dhabi Stem Cells Center have also signed a non-binding MoU to develop therapies for diseases, including Covid-19. In late October, it was reported that Hadassah Medical Organization is in negotiations with medical organizations in the UAE to set up a branch of the Jerusalem hospital in Dubai. “In the field of food, agri-tech and desert agriculture, there will be interest in using Israeli experience and innovation to help the UAE develop independent food capabilities that will enable them to be less dependent on imported food,” Tzfoni told us. “Given Israeli expertise in agri-tech, there are a lot of opportunities here, as the UAE’s Government is investing largely in agri-tech,” said Abdullah Saeed Juma Al Naboodah, Chairman, Naboodah Investment Company during an OurCrowd webinar. Advanced agriculture technology, including hydroponic systems that will allow almost any vegetable or fruit to be grown in the desert,