Israel’s high technology market offers incentives to UAE investors

Israel’s high technology market offers incentives to UAE investors

Israel's high technology market offers incentives to UAE investors

an hour ago

UAE's major Gitex tech summit, held recently, attracted a delegation from Israel for the first time.

Strong incentives for UAE investors to target the Israeli high-tech market are underlined in a first of its kind report published on Sunday following record investment activity and growth in 2020, despite the COVID-19 pandemic.

 The IVC-Meitar Israeli Tech Review 2020 points to many maturing Israeli tech companies turning to capital markets this year among trends creating opportunities for UAE investors capitalising on the new trade links between the two countries.

 The report underlines the market's huge appeal to foreign investors who far outperformed their Israeli counterparts during funding rounds and in follow-on investment. Foreign investment was also behind the vast majority of the year's largest deals above $100 million.

 Providing detailed analysis on a record-breaking year in financing rounds, the report reveals that Israeli tech companies raised $10.2 billion in 607 deals in 2020, an increase of 31% in the volume of capital and a 20% increase in the number of deals compared to 2019.

 A record number of publicly-traded Israeli tech companies raised $6.96 billion by 128 companies compared to $1.95 billion by 68 companies in