from the April 2007 issue

Consortium to set up Israeli Technology Park in China

The Suzhou Industrial Park will allocate $50 million for joint ventures between Israeli and Chinese companies.

The Suzhou Industrial Park (SIP) in China, IDB Holding Corp. Ltd. (TASE:IDBH) and Israel Infinity Venture Capital will set up a technology park at SIP specifically designed for Israeli high-tech companies. SIP's management has announced a string of benefits for Israeli companies that open offices there, including help in raising capital, and services. SIP, which focuses on high-tech, is immense. It has $100 billion in commitments from international investors, half of which has already been invested.

Reprinted from the Israel High-Tech & Investment Report April 2007

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