Two days after the announcement of the standardization agreement, UAE and Israeli companies signed a first strategic trade agreement in research and development of tools to fight the coronavirus.
On August 15, APEX National Investment of the United Arab Emirates and TeraGroup of Israel signed an agreement at a press conference in Abu Dhabi. The two companies will work to develop a COVID-19 testing device that allows rapid detection of the disease.
TeraGroup is developing a COVID-19 testing device that aims to detect disease in a patient’s breathing and deliver results in less than a minute.
APEX President Khalifa Yousef Khouri said he was “… delighted with this cooperation with TeraGroup, which is considered the first company to inaugurate the commercial, economic and efficient partnership between the UAE and Israeli business sectors for the benefit of humanity, by strengthening research and studies on the coronavirus ”
Source: Times of Israel