Gulf-Israel Green Ventures, United Stars Group sign deal on green technologies | Khaleej Times
Gulf-Israel Green Ventures (GIGV) and the UAE’s United Stars Group have signed a first-of-its-kind deal that will bring Israeli green technologies to the UAE and the wider Gulf region, and Emirati technologies to Israel.
The historic deal is focusing on sustainable development projects in the broader Gulf region.
The deal was signed by Gulf-Israel Green Ventures CEO Asher Fredman and United Stars Group founder and president Omar Al Suwaidi. Following in the footsteps of the historic Abraham Accords, the terms call for delivering environmental innovation to sustainable development in the region and beyond. The new memorandum calls for GIGV to help promote sustainable development goals in Israel and the Gulf in addition to working to reduce emissions while building more environmentally friendly economies and societies. These goals are to be achieved through various types of cooperation including people-to-people, business, and economic. This memorandum is widely expected to be the first of more similar arrangements to come in the future.
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