- A joint venture between G42 and Viola Group, born of Abraham Accords, ADIO offers a range of support to support growth
- Global Valley boosts Abu Dhabi’s tech ecosystem and underscores its position as a magnet for global tech companies and talent
Abu Dhabi, United Arab Emirates—— G42, a leading technology company headquartered in Abu Dhabi, and Viola, a leading Israeli technology investment group with more than $5 billion in assets under management, today launched Global Valley, a talent-as-a-service platform that addresses the ongoing global demand for top technology talent . The joint venture between G42 and Viola, backed by the Abu Dhabi Investment Office (ADIO), will provide clients with a ready-to-use end-to-end R&D and Technology Center of Excellence.
Global Valley will be one of the region’s largest employers of highly-skilled technical talent, looking for talented employees with a variety of skills across the globe. Global Valley bridges the world’s chronic tech talent gap, providing specialized resources that complement Abu Dhabi’s existing deep talent pool and capabilities, while growing the local tech sector.
Global Valley covers resource needs across the employee lifecycle from recruiting to management and payroll, covering standard technology roles as well as more niche needs like artificial intelligence and machine learning specialists. The Abu Dhabi-based team will be comprised of global technical talent and Emirati professionals, and will act as a natural extension of its clients’ core teams.
project. ADIO Director General Abdullah Abdul Aziz Al Shamsiexplain: “The strength of Abu Dhabi’s innovation ecosystem and its wealth of talent make the UAE capital an ideal base for Global Valley. The company will meet the growing global demand for top tech talent, supporting companies in the UAE, Israel and around the world to innovate and innovate . Global Valley also builds on the enthusiasm generated by the Abraham Accords, which continues to forge important partnerships in an industry focused on innovation and advanced technology.”
Despite the short-term easing, the world will continue to face a shortage of highly skilled technical workers for years to come. A study by Korn Ferry estimates that by 2030 there will be a global talent gap of around 85 million in telecommunications, media and technology alone, which will adversely affect economic growth. Entities such as Global Valley will be key to filling the skilled talent gap and driving economic progress across industries and markets.
Peng Xiao, CEO of G42 Group, Said: “For years, Abu Dhabi has championed cutting-edge innovation and digital transformation to diversify its economy and improve the quality of life of its residents, establishing itself as the destination of choice for tech talent and investment. By helping to address the global tech talent shortage , Global Valley is poised to further strengthen the local ecosystem, drive unparalleled innovation, and propel Abu Dhabi to new heights as a dynamic center of technological advancement and commercial strength. We look forward to working with ADIO and Viola to serve the Middle East and beyond Empowering the next generation of outstanding business and technology leaders.”
“Abu Dhabi has been at the forefront of the discussion around AI, even before it became popular. As a major player in the market, the G42 remains committed to driving the advancement of AI and technological innovation with its partners. Through Global Valley, we are poised to Unlocking limitless opportunities, spurring breakthrough innovation, and cementing the region’s position as a premier destination for tech talent and investment,” Shaw continued.
Global Valley expects to work with local partners to operate at various locations around Abu Dhabi, including Al Ain. In addition to direct employment opportunities, Global Valley will also offer internships, exchange programs and collaborations with local universities for UAE nationals.
Avi Zeevi, Co-Founder and General Partner, Violasaid: “We are proud to continue the path paved by the Abraham Accords and to establish a joint venture that leverages Israel’s innovation ecosystem. We believe this initiative will have a significant impact on the region’s development. Technology will continue to be a global transformation As a vital force, now is the time to invest in infrastructure that will provide Israeli and global tech companies with top-notch technical talent to drive their future growth and support their activities in the region.”
Global Valley further advances cooperation between Abu Dhabi and Israel since the Abraham Accords. The joint venture between G42 and Viola follows recent collaborations between ADIO and Israeli companies Liquidity Group and OurCrowd. Fintech firm Liquidity Group has become the first Israeli company to join ADIO’s innovation program, establishing a research and development center in the UAE capital. OurCrowd is significantly expanding its Abu Dhabi presence with a new Venture Capital Office and AI Technology Center enabled by ADIO.
About Abu Dhabi Investment Office
The Abu Dhabi Investment Office (ADIO) is the entry point for local, regional and international investors into the Abu Dhabi ecosystem. Partnering with ADIO, the UAE capital’s central investment agency, the private sector has access to long-term, commercially sustainable opportunities to grow alongside Abu Dhabi. These include access to Abu Dhabi’s land bank, large government infrastructure projects, and growth support in line with the development of Abu Dhabi’s priority sectors and ADIO’s focus on scalability, innovation and sustainability. ADIO’s collaboration with the Abu Dhabi ecosystem – government partners, sovereign states and national champions – is a catalyst for the growth and diversification of Abu Dhabi’s economy, driven by increased private sector participation. Investors can contact ADIO through its headquarters in the UAE capital or through one of its eight international offices in Beijing, Frankfurt, London, New York, Paris, San Francisco, Seoul and Tel Aviv. Visit https://www.investinabudhabi.gov.ae/ for more information.
The G42 is a global leader in creating visionary AI capabilities for a better tomorrow. Born in Abu Dhabi and operating globally, G42 sees AI as a powerful force for good. Its people continually reimagine the role of technology, applying advanced thinking and innovation to accelerate progress and solve society’s most pressing problems.
The G42 is driving change in the region and beyond, working with nations, businesses and individuals to shape the infrastructure for tomorrow’s world. From molecular biology to space exploration and everything in between, the G42 enables exponential possibilities today.
For more information, please visit www.g42.ai.
Viola is Israel’s leading technology investment group with over $5 billion in assets under management. Founded in 2000, Viola has supported over 200 technology companies and has had a disproportionate share of successful IPOs and M&A in Israel such as ironSource (acquired by Unity), Pagaya (Nasdaq: PGY), Payoneer ( NASDAQ: PAYO) and SimiliarWeb (NYSE: SMWB).
Viola is made up of four investment divisions that focus on independent investment, including Viola Ventures, which focuses on early-stage investments; Viola Growth, which focuses on growth-stage companies; Viola Credit, which provides debt and alternative funding); and Viola FinTech, a cross-stage co-investment Global Fintech Fund.
The group has more than 90 employees and offices in TLV and New York.
to know more information: www.viola-group.com