Business Chief Europe Magazine June 2021 | Page 19

3 UNITED ARAB EMIRATES Food Tech Valley to debut

Harnessing emerging technologies and modern farming techniques , the UAE government ’ s newly announced R & D-focused Food Tech Valley is set to not just fast-track selfsufficiency in food production for the country , while ensuring sustainability and waste reduction , but also spearhead ground-breaking food tech innovation globally .

4 INDIA

Big business ups the ante on aid to India
With India ’ s death toll from COVID-19 surging , big business is putting its money where so much of its business is . US and Chinese tech titans Google , Microsoft , Salesforce , Facebook , Xiaomi and Vivo commit millions towards recovery efforts ; Amazon partners with Temasek to airlift oxygen concentrators ; Wall Street giants Goldman Sachs and Blackstone together pledge US $ 58m ; and Indian startups LogiNext and Zomato roll out innovative delivery features .

5 SINGAPORE

Reimagining global payments
Three investment giants , JP Morgan , DBS and Temasek join forces to bring the existing infrastructure of global payments into the digital era . Under new tech company Partior , they are developing a first-of-its-kind industry platform that will utilise blockchain to fast-track value movements for payments , trade and foreign exchange settlement .
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