Union Jack Island of Jersey 370.
(photo credit: Reuters)
Nestled just a few kilometers from the French coast, the island of Jersey is
proudly under the British Crown, yet its economic leadership is looking to ramp
up its interest in the Israeli economy.
Following a number of political
and business delegations to Israel in the past years, several of the territory’s
senior economic policy makers are back in Israel this week for the DLD tech
conference. Closer to home, the inward investment organization Locate Jersey and
Jersey Telecom are joining Orange (Europe) and British Telecom as key sponsors
of the Innovate Israel conference in December in London.
Jersey featured heavily in the Israel edition of the International Business
Review, a new business supplement published by global media and publishing
company AcreWhite and distributed in partnership with The Jerusalem
The publication examined new legislation in fund and trust
management and included a global economic outlook. Jersey’s Minister for
Economic Development Senator Alan Maclean said he is keen to showcase Jersey’s
financial-services industry especially.
He told the Post
: “With investors
acting in an increasingly cautious manner, and against a background of greater
regulatory demands, there is much interest in the regulatory safeguards that
have made Jersey a key choice for companies and individuals seeking
international investment opportunities and, crucially, a gateway into
AcreWhite CEO Daniel Seal said it was perfectly logical for
Jersey to be looking toward Israel.
“With more and more startups and new
technologies in Israel creating new wealth and opportunity, Israeli companies
and individuals are increasingly looking to invest on a global scale,” he said.
“The Israeli business community offers significant market potential for
international financialservices providers.”