UAE-consisting I2U2 Group launches official website

By Arya M Nair, Official Reporter
  • Follow author on
I2U2 Group website launch
Officials at website launching (Courtesy: WAM)

The I2U2 Group, consisting of the UAE, India, Israel, and the US, has launched its website, with the aim of attracting new investment projects under the group’s umbrella, and empowering businesses and investors to propose projects via the new platform.

The website announcement was made during the I2U2 Group’s High Officials Meeting, which was held on the sidelines of the 78th session of the United Nations General Assembly (UNGA) in New York, with Mr. Ahmed Al Sayegh, Minister of State, representing the UAE.

The implementation of joint projects is led by the business sectors of the member countries through partnerships aimed at reducing carbon emissions and advancing healthcare and green technologies.

In February 2023, the UAE hosted the first I2U2 Economic Forum in Abu Dhabi, with the country’s participation in this group and its initiatives reflecting the vision of its wise leadership, which is focused on building bilateral and multilateral partnerships in order to enhance peace, stability and prosperity for the region and worldwide.

Recently, U.S. Department of State (DOS), the U.S-UAE Business Council, the UAE-India Business Council, and the UAE-Israel Business Council, entered into a Memorandum of Understanding (MOU), collectively referred to as the I2U2 Business Coalition (I2U2 BC), to combine efforts, resources and ideas in order to pursue initiatives particularly in the seven key sectors of focus, namely water, energy, transportation, technology, space, health, and food security.

The I2U2 BC’s mission is to engage the governments of India, Israel, the United Arab Emirates, and the United States of America regarding the I2U2 Initiative, increase awareness of the enormous potential of the initiative, promote the important role that the private sector has in realizing the initiative’s full potential, and endeavor to mobilize and energize the private sectors in the I2U2 countries to identify, promote, and support, as appropriate, certain projects that further the goals of the initiative.

You May Like | India-Middle East-Europe Economic Corridor established at G20