The UAE National Investment Corporation announces its cooperation to develop research and studies on Coronavirus with the Israeli Terra Group
The Emirati National Company for Investment Apex announced the signing of a strategic trade agreement with the "Israeli" Terra Group, seeking to develop research and studies on the emerging corona virus "Covid-19".
The commercial agreement was signed by Khalifa Youssef Khoury, Chairman of the Board of Directors of Apex National Investment Company, and Mr. Orin Sadif, Chairman and CEO of Terra Group, during a press conference attended by Mr. Idu Berniker, representative of First Capital Group, a number of VIPs and officials in the two companies, and representatives of the Emirati and Israeli media. At the company's headquarters in the Emirate of Abu Dhabi.
On this occasion, Khalifa Yusef Khoury, Chairman of Apex National Investment Board, said: “We are pleased to start cooperation with the Israeli Terra Group, which constitutes the first business to open trade, economy and effective partnership between the Emirati and Israeli business sectors for the benefit, goodness and service of humanity by strengthening Coronavirus research and studies. "
For his part, Mr. Orin Sadev, Chairman and CEO of Terra Group, said: “We are pleased to cooperate with Apex National Investment Company, and we hope to achieve from this cooperation the desired goals that are economically beneficial to everyone, especially in these exceptional circumstances with the spread of the new Corona virus.” Covid-19 "in various parts of the world."
Ido Berniker, a representative of First Capital Group, said: “I would like to thank His Excellency Khalifa Yusef Khoury and Mr. Orin Sadif. In First Capital Group, we are very interested in bringing companies specialized in scientific fields, science and inventions to conclude commercial and investment partnerships with Emirati companies such as the National Apex Investment Company. "
The agreement between the two companies aims to develop and strengthen research and studies on the Coronavirus in addition to developing a corona examination device to contribute to accelerating the examination process, facilitating it and providing it with high accuracy to all members of society in accordance with international best practices.
The "National Apex Investment Company" is an investment company concerned with public investments and various sectors, including the health sector, which it has focused on recently through the establishment of field hospitals at maximum speed and equipping them with the latest necessary equipment that conforms to the highest international standards. It also works and contributes to finding solutions to implement the precautionary measures imposed by it. Corona pandemic, in addition to work on collecting field data to support laboratories for their research and laboratory studies in developing the desired vaccine to address the Corona pandemic.
The Terra Group, which was founded in 2003, is part of the Weizmann Institute of Science in Israel and has investments in research and development and includes a large group of world-famous scientists. It is a technology company that focuses on rapid and safe corona screening tests through breathing and in one minute through devices. Terra test, which provides immediate results at an effective cost, and contributes to the speed of obtaining results that allow the return of activity to various sectors.
Terra Group biosafety tests have been conducted in many countries around the world, including the Emirates Field Hospital in Abu Dhabi, and will be applied across the UAE in general.