BREAKING NEWS

Singapore seeks to ramp up Israel investment

MARCH 1, 2015 20:17

Singapore is looking to increase its investments in Israel, and serve as a bridge to the wider Asian market.

“We notice there’s a gap down there. Israeli companies don’t come to Asian that often. We realized that this is an opportunity for us,” said Alex Lim, Global Head of Infocomm Investments (IIPL), a new $200 million Singaporean Government backed fund to invest in start-ups & growth stage companies around the world.

Lim, who was part of a business delegation in Israel last week, said Israel’s expertise in a variety of fields such as big data, smart cities and cyber security were an attractive draw for the city-state, which shares several commonalities with Israel.

Both are high-tech nations with small populations, meaning they have to turn to broader markets. For Israel, he said, the US may seem a natural choice, but Asia has a lot to offer.

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