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.

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.

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.

Artist's illustration [Photos courtesy Zhuhai Daily]