World News| The first I2U2 Business Forum was held to accelerate joint investment in key areas

Abu Dhabi [UAE]22nd February (ANI): The inaugural I2U2 Business Forum will be held on 22nd February 2023 in Abu Dhabi, UAE, according to an official release from the Ministry of Foreign Affairs and International Cooperation of the United Arab Emirates.

It said the forum brought together senior private and public sector representatives from India, Israel, the United Arab Emirates and the United States (I2U2) to discuss opportunities for collaboration among the business communities of the four countries.

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According to an official release from the United Arab Emirates Ministry of Foreign Affairs and International Cooperation, this is the first time such an event has been held since the I2U2 Group was formally established during the I2U2 Leaders Summit in July 2022.

“The I2U2 partnership, comprising India, Israel, the UAE and the United States, is an organization focused on advancing tangible economic cooperation among its members across various sectors, including food security, water, energy, space, transportation, health and technology. It Aims to mobilize private sector capital and expertise to help modernize infrastructure, decarbonize industry, improve public health, and foster the development of green technologies, among other goals,” it wrote.

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It said the I2U2 Business Forum kicked off with opening remarks by HE Ahmed Al Sayegh, UAE Minister of State; Jose W. Fernandez, US Deputy Secretary of State; Dammu Ravi, Secretary of Foreign Affairs (Economic Relations); Ronen Levi, Director General of the Israeli Ministry of Foreign Affairs and US President Brett McGurk, deputy assistant and White House Middle East and North Africa coordinator.

In their presentations, officials reiterated their commitment to strengthen economic cooperation under the I2U2 framework, noting the importance of direct engagement between policymakers in I2U2 countries and private sector stakeholders interested in future partnerships.

The Minister (Economic Relations) reiterated India’s commitment to the I2U2 partnership and strongly called on all stakeholders to work towards real progress in all I2U2 initiatives including the establishment of the I2U2 Innovation Center in Gurgaon, Haryana, India. In line with Prime Minister Shri Narendra Modi’s call for LiFE-Lifestyle for Environment, he urged I2U2 partners to work towards a sustainable and environmentally friendly lifestyle for all.

A formal signing ceremony followed, welcoming the Republic of India as the latest country to join the UAE-US mission to innovate climate agriculture at COP26, and naming Israel as a partner of 140 other governments and institutions. non-governmental entities. Officials said they believed the move was a stepping stone to greater collaboration on innovations in climate change agriculture and food systems.

“The morning ended with a presentation of two major initiatives currently being explored under I2U2, including a possible $2 billion project to build a range of integrated agricultural facilities across India and the potential development of a 300 MW wind and solar hybrid power plant in Gujarat, India,” it read.

Company and private sector representatives then exchanged insights and discussed potential partnerships in seven parallel sessions focusing on the areas of food security, energy, water, space, transport, health and technology.

According to an official release, the I2U2 Business Forum aims to be a regular platform for private and public entities from India, Israel, UAE and the United States to convene and form tangible joint ventures in I2U2’s core economic and technological fields. (Arnie)

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