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Abu Dhabi’s G42, Israel’s Viola launch tech talent ventures


High-rise residential buildings at night in the Al Reem district of Abu Dhabi, United Arab Emirates, Thursday, November 24, 2022. The UAE, Saudi Arabia and Qatar are all trying to diversify their economies before the end of the fossil fuel era and be able to take advantage of opening up, especially as the US and Europe face higher financing costs and China struggles with Covid.Photographer: Christopher Pike/Bloomberg

(Bloomberg) — Abu Dhabi artificial intelligence firm G42 and Israeli technology investment firm Viola Group say they have built a platform to provide access to top tech talent.

The Global Valley joint venture, which is backed by the Abu Dhabi Investment Office, will offer clients access to a center of excellence for research and development and technology, according to a statement.

Based in Abu Dhabi, the platform will employ technologists from the Middle East and North Africa and seeks to meet the growing demand for tech talent.

The United Arab Emirates and Israel normalized relations in 2020 as part of an agreement known as the Abraham Accords. Both countries say the deal will lead to billions of dollars in investment and partnerships in Israel.

G42 is controlled by the UAE royal family, Sheikh Tahnoon bin Zayed Al Nahyan.

©2023 Bloomberg Intelligence


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