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Tangjiawan park to host proven Israeli technologies

Updated: 2018-07-03

A groundbreaking ceremony was held for the Sino-Israeli Innovation Accelerator in Tangjiawan on July 1. Heralding the 4th China-Israel Investment Summit now underway in Zhuhai, the plant is to open within two years.

The project, which grew out of the previous summit, is a collaboration between Israeli investment company Infinity Group and Zhuhai State-owned giant Huafa Group. The 2-billion-yuan ($156 million) comprehensive industry park will commercialize advanced Israeli technologies; those that have already been transformed into commercial products or are still being developed with mature business models preferred.

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Construction site

Located in the Zhuhai Intelligent Industrial Park, the site covers 7.4 hectares (18.3 acres) with floorage of 30 hectares (74.1 acres), housing plants, R&D areas, and office buildings. A globally influential and innovative industry agglomeration can be envisioned, working on rationally allocated resources.

Nadav Cohen, consul-general of Israel in Guangzhou, said the project underpins Zhuhai's partnership with Israel in industry, and he expects further cooperation on high and new technologies, innovative development, and cultural exchanges.

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Rendering of Sino-Israeli Innovation Accelerator

Quality Israeli technologies, investment, and industries will be introduced to take advantage of Zhuhai's promising business environment, according to Amir Gal-Or, founder and managing partner of Infinity Group. An innovation ecosystem will be formed to benefit both sides, Gal-Or added. 

The 4th China-Israel Investment Summit, the largest ever, is being held at the Zhuhai International Conference & Exhibition Center on July 2 and 3. The summit seeks a deeper and wider range of commercial cooperation.

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Artist's illustration [Photos courtesy Zhuhai Daily]

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