Senior officials from the United States, India, Israel and the United Arab Emirates (UAE) oversaw on Wednesday the signing of a memorandum of understanding to create a joint business coalition to promote the so-called I2U2 initiative, a partnership focused on economic development and food security amid global climate change.
The new coalition will see officials and business councils from the countries work together to attract private sector partners to the initiative.
The agreement was signed in Washington on Wednesday in the presence of US Undersecretary of State Jose Fernandez, Indian Deputy Chief of Mission to the United States Sripriya Ranganathan, Israeli Deputy Chief of Mission to the United States Eliav Benjamin and UAE Ambassador to the United States Yousef Al Otaiba.
A statement from the US-UAE Business Council on Wednesday said the memorandum will focus on promoting the initiative and garnering private sector support for it. The UAE-India Business Council, the UAE-Israel Business Council and the US-UAE Business Council are the main signatories on the agreement.