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September 8, 2017 4:16 pm

Chinese Investors Eye Massive Investment in Israeli Green Technology

avatar by JNS.org

Israeli Environmental Protection Minister Ze’ev Elkin, left, with his counterpart from China, Li Ganjie. Photo: Twitter.

JNS.org – An Israeli delegation headed by Environmental Protection Minister Ze’ev Elkin is visiting China to bring Israeli firms specializing in green technology together with Chinese companies looking to invest substantially in the growing industry.

During his trip, Elkin has met with industry officials who plan to invest around $520 million in green technologies. Officials also discussed the possibility of establishing a joint Israeli-Chinese center for the advancement of clean technology.

“This is a tremendous opportunity that will significantly boost the Israeli economy,” Elkin said. “We can turn Israel into a leader in the field of environmental technology, just as we succeeded in doing in the field of high-tech.”

Delegation members are meeting with representatives from 160 local companies during two business seminars in Beijing and Nanjing. Initial agreements were drafted between the Israeli and Chinese firms ahead of the seminars.

Israeli Prime Minister Benjamin Netanyahu visited China in March, when the two countries signed a series of bilateral agreements, including a deal to bolster environmental cooperation.

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