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Consortium To Set Up Israeli Tech Park In China

Wednesday, March 21, 2007 9:00:00 AM PDT | VentureDeal Staff

SUZHOU, CHINA -- Israel Infinity Venture Capital, IDB Holding Corp. and the Suzhou Industrial Park (SIP) announced their agreement to launch an industrial park specifically designed for Israeli high-tech companies.

The project will be part of the $100 billion SIP park, the largest of its kind in the world, already with $50 billion invested there.

Infinity is a partner of SIP and the China-Singapore Suzhou Industrial Park Venture Company (CSVC).  CSVC has already invested in five companies, four of which are Israeli.

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