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UAE’s Abu Dhabi Investment Office chooses Israel for first international office

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The UAE’s Abu Dhabi Investment Office (ADIO) has chosen Israel as the location for its first office outside the country, state media announced on Wednesday.

“ADIO is to open its first investment office outside the UAE in Tel Aviv, as part of efforts to unlock investment and partnership opportunities” between the UAE’s capital city and Israel, Abu Dhabi Media office posted on Twitter.

Further international offices are also being planned in Europe, North America, and Asia, according to the statement, which said the offices will support companies looking to expand their operations in Abu Dhabi and connect innovators from around the world.

The announcement comes one day after the UAE and Israel signed a historic agreement at the White House to normalize relations.

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Last Update: Wednesday, 16 September 2020 KSA 19:17 – GMT 16:17