Start-Up National Central, a non-profit organization that promotes Israeli innovation around the world, introduced 15 leading Israeli start-ups to significant business opportunities in Bahrain this weekend.
The introductions came at a joint event with the Embassy of the Kingdom of Bahrain in Israel and Bahrain’s Economic Development Board (EDB).
The meeting was aimed at recruiting Israeli companies to set up a regional research and development (R&D) hub in Bahrain.
The Kingdom of Bahrain is offering low operating costs as well as significant labor subsidies that can benefit Israeli start-ups.
The startups can 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, Bahrain’s Ambassador to Israel.
“We learned about the amazing opportunities Bahrain offers Israeli tech companies,” said Start-Up Nation Central’s vice president of Innovation Diplomacy, Yariv Becher.
“We are working to foster such collaborations that are the foundation for long-term relations between Israel and the Kingdom of Bahrain,” he added.