Israeli and Emirati companies have signed an inaugural agreement on renewable energy, officials said on Wednesday, as the Jewish state forges ahead with plans to become a global leader in the sector.
The deal is one of a raft of commercial ties to be formed between Israel and the United Arab Emirates since the two nations established ties in September, in a normalisation drive dubbed the Abraham accords.
The principal corporate signatories of the energy agreement are Abu Dhabi-based Masdar and EDF Renewables Israel, a subsidiary of French utility giant EDF. — AFP
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