Israeli start-ups and EDB mull R&D hub in Bahrain
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Start-Up National Central, a non-profit organisation that promotes Israeli innovation around the world, introduced 15 leading Israeli start-ups to significant business opportunities in Bahrain, at a joint event with the Embassy of Bahrain in Israel and Bahrain’s Economic Development Board (EDB).
The meeting dealt with the opportunity for the Israeli companies to set up a regional R&D hub in Bahrain. Bahrain offers low operating costs as well as significant labour subsidies that can benefit Israeli start-ups and provide a solution to combat the tech employment shortage in Israel.
These startups are able to provide technological advancements to Bahrain and make a huge impact on the economy and the overall level of jobs created.
“Every Israeli I know who has been to Bahrain has come back with a sparkle in their eyes, and those who went for business will tell you that Bahrain is business friendly and our work attitude is ’tachles,’” said Ambassador Khaled Al Jalahma, Ambassador of Bahrain to Israel, about the prospect of Israelis setting up activities in his country.
“Today we learned about the amazing opportunities Bahrain offers Israeli tech companies. We are working to foster such collaborations that are the foundation for long-term relations between Israel and the Kingdom of Bahrain,” said Start-Up Nation Central’s VP of Innovation Diplomacy Yariv Becher.