Start-Up Nation Central (SNC), an Israeli non-profit body which works in the government-industry-investor space, signed a memorandum of understanding (MoU) with Bahrain’s Tamkeen to promote human capital development between the two countries.
The agreement was signed on the first day of ‘Connect2Innovate’, a bilateral industry event organised for the first time by SNC, in collaboration with Bahrain’s Ministry of Industry and Commerce.
More than 300 Bahraini and Israeli business leaders attended the opening ceremony of the three-day meet in Manama on Monday.
The conference included a recorded speech by Israeli President Isaac Herzog in which he praised the initiative to host the first conference that provides an opportunity for entrepreneurs and companies to communicate and share expertise and to build a foundation for a prosperous future of cooperation and economic relations between the two countries.
Speaking at the event, Abdulla bin Adel Fakhro, Bahrain’s minister of industry and commerce, said Bahrain today represents a prominent investment center, while Israel is a famous center for research and development of modern technology.
“By combining both our strengths, we have the ability to transform the region and work together to meet today’s challenges and build a bright future for all,” he said.
Adel Fakhro hoped that the meet will address challenges facing financial technology, manufacturing, logistics, water, energy, and climate sectors and identify new growth opportunities.
Bahrain’s advanced digital infrastructure, and the adoption of cloud computing contributed to attracting global partnerships and leaders, and the kingdom’s commitment to innovation, digital economy, forward-thinking, and attractive regulations made the Kingdom an innovation hub, he said.
‘Connect2Innovate’ is the first conference of its kind, gathering government officials, large corporations, international organisations, business communities and technology innovators to focus on challenges in fintech, logistics, supply change, water, energy and climate.
The conference includes workshops on building the technological ecosystem and developing human capital, enabling the two countries to exchange knowledge and best practices through the participation of a delegation of more than 50 government officials, businessmen and investors in Israel.
The second and third days of the conference will include professional workshops, lectures, panel discussions, presentation sessions and discussions on the future of banking and financial technology, water security and smart energy, startup ecosystem development, human capital challenges, and the establishment of a sustainable sea-air corridor.
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