Global Valley to Meet Demand for Highly Skilled Technical Talent

Abu Dhabi artificial intelligence company ‘G42’ and Israel’s ‘Viola Group’ for technology investment, which manages five billion dollars in assets, announced today, Thursday, a joint venture (Global Valley) to build a new platform to meet demand for highly skilled technical talent.

Global Valley to Attract Technology Professionals from Around the World

A statement released by the Abu Dhabi Investment Office, which provided support for the project, said that (Global Valley), based in the UAE capital, will attract technology professionals from around the world to provide various services in addition to assistance to develop the local technology sector in Abu Dhabi.

Amount of Investment Not Disclosed

The statement does not disclose the amount of investment by either party.

Abu Dhabi Investment Office Promotes Private Sector Investment and Economic Diversification

The Abu Dhabi Investment Office is a government body tasked with promoting private sector investment in the emirate and helping to diversify its economy.

CEO of Abu Dhabi Investment Office: Joint Venture Fundamental to Future Economy

Abdullah Abdulaziz Al Shamsi, CEO of the Abu Dhabi Investment Office, said: “Our vision for technology is to be a functional infrastructure-linked industry to build everything from the healthcare and financial services sector to tourism and beyond.”

He added: “Establishing this joint venture in Abu Dhabi is fundamental to what the economy will need in the future. We look forward to diversifying Abu Dhabi’s economy and developing other platforms for growth. We want to empower our people in every industry.”

Trade and Investment Relations Growing Between UAE and Israel

Trade and investment relations between the UAE and Israel have grown since the signing (Abraham Agreement) in 2020, which marked the beginning of diplomatic relations between them.