Reps from the island of Jersey visit Israel to attend tech parley

Several of the territory’s senior economic policy makers are back in Israel this week for the DLD tech conference.

October 10, 2013 22:51
1 minute read.
Union Jack flies over Mount Orgueil Castle, the island of Jersey.

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.

Last month, 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 Post.

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 Europe.”

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.”

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