QS Monitor, a company backed by Masdar and BP’s start-up accelerator is partnering with Israeli pioneer in electrochemical water disinfection and treatment Elgressy Engineering Services to deliver a safer chemical-free water supply to the UAE.
Mr. Gaby Elgressy Founder and Owner of Elgressy stated that “the partnership will bring new technologies to the UAE where local water is a scarce resource and awareness is high of environmental and safety practices. We…have innovated a safe solution which utilizes advanced chemical and electrical engineering techniques as a viable and much safer alternative to chemical dosing”.
To meet their domestic water needs, both the UAE and Isreal depend heavily on the desalination of their water supplies. In an attempt to become self-sufficient in food and water resources, the UAE government established the Ministry of Food and Water Security in 2017.
In 2019, QS Monitor, a company that focuses on providing food and water protection solutions to the industrial and farm sectors, opened its doors in the Masdar City free zone. The Catalyst, the region’s first clean technology start-up accelerator, funded by Masdar and BP, provided a $250,000 seed investment.
Israel’s Elgressy manages thousands of wastewater treatment plants around the world. Volvo, Mercedes, Hilton, and the UN, are among the company’s clients.
The agreement comes after the UAE and Israel normalized their relations last year. Since then, the two countries have signed agreements to promote cooperation in a variety of fields, including aviation and finance.
According to Etihad Credit Insurance, which recently signed a partnership agreement with Israel Foreign Trade Risks Insurance Corporation to promote investment and trade between the two countries, annual trade between the UAE and Israel is estimated to hit $4 billion per year.
Masdar City is home to over 900 organizations, including international firms, SMEs, and a range of start-ups, all of which are developing innovative technologies in the fields of energy, water efficiency, mobility, space, and artificial intelligence.
Thank you very much for choosing GCC Business News to be an important part of your professional life. You will receive a confirmation e-mail. Please check SPAM or UPDATES folder
