Leaders of UAE, India, Israel, US holds first virtual summit ‘I2U2’

The President of the United Arab Emirates met the leaders of Israel, India and the United States in a virtual summit held on Thursday, July 14.

The President of the United Arab Emirates met the leaders of Israel, India and the United States in a virtual summit held on Thursday, July 14.

The UAE President said during the online summit that economic cooperation is integral to achieving peace, security, and progress.

His Highness Sheikh Mohamed bin Zayed, the President, tweeted on his official handle, “By strengthening our partnerships, we can make new opportunities and operate together to address shared challenges.”

UAE President Sheikh Mohamed, US President Joe Biden, Indian Prime Minister Narendra Modi, and Israeli Prime Minister Yair Lapid participated in the first digital meeting of the ‘I2U2’ Group.

‘I2U2′ denotes the first letters of the names of four countries.

As per a joint statement issued by all these leaders at the end of the summit, the UAE will invest $2 billion to form a series of integrated food parks around India. The project will include “state-of-the-art climate-smart technologies” to lessen food wastage and spoilage, preserve fresh water and engage renewable energy sources.

India will give suitable land for the food parks project and ease farmers’ integration into them, said the joint statement.

US and Israeli private sectors will be asked to lend their expertise and propose innovative solutions that contribute towards the project’s overall sustainability. These investments will help boost crop yields and, in turn, will help tackle food insecurity in the Middle East and South Asia.

Another project will witness the I2U2 Group advance a hybrid renewable energy project in the Gujarat state of India, comprising of 300 megawatts (MW) of wind as well as solar capacity complemented by a battery energy storage system.

The US Trade and Development Agency financed a feasibility study for a project of $330 million.

UAE-based firms are looking for new opportunities to serve as ‘critical knowledge and investment partners’.

The leaders showed their determination to leverage well-established markets to construct more innovative, inclusive as well as science-based solutions to boost food security and sustainable food systems. The leaders also welcomed India’s interest in being a part of the US, UAE and Israel in the Agriculture Innovation Mission for Climate initiative (AIM for Climate).


Please enter your comment!
Please enter your name here

Read More

Egypt’s health ministry issues warning for crowded shops & malls amid COVID

Cairo, Egypt: In a press release on Saturday, the Egyptian Ministry of Health and Population issued a warning for the replete places: shops, malls...

Egypt reports 1,521 new cases on Sunday with 48 deaths

Egypt records 1,521 additional cases of the deadliest novel coronavirus on Sunday, February 27, 2022, according to the data shared by the Ministry of Health in their daily COVID-19 report.

Middle East: Qatar’s chief Sheikh Al-Thani to visit Washington on Jan 31

According to the sources associated with the matter, Qatar’s ruling Emir, Sheikh Tamim bin Hamad Al-Thani, would visit the United States on January 31....


UAE’s first traditional Hindu temple to be complete by 2024

The United Arab Emirates' first traditional Hindu stone temple will be established in February 2024, said a top envoy.

READ HERE: American archaeology mission discovers 2000 decomposed ram heads from Sixth Dynasty

Middle East: The American archaeological mission at the University of New York working in the area of the King Ramses II Temple of Abydos has successfully unearthed more than 2,000 decomposed ram heads

India becomes largest refined fuel supplier to Europe

This Month India has registered its position as the largest supplier of refined fuels in Europe while buying crude Oil from Russia in huge quantities, said data analytics firm Kpler.