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.