The I2U2 group recently announced a new joint space venture that aims to create a "unique space-based tool" for policymakers, institutions, and entrepreneurs.
About the I2U2 Group:
It is a grouping of India, Israel, the United Arab Emirates, and the United States.
Formation:
The group was initially formed in October 2021to deal with issues concerning infrastructure, transport, and maritime security in the region.
Originally named the "International Forum for Economic Cooperation," it was also known as the "West Asian Quad" at the time.
First virtual summit: The group held their first virtual summit in July 2022.
This unique grouping of countries identifies bankable projects and initiatives to tackle some of the greatest challenges, with a particular focus on joint investments and new initiatives in water, energy, transportation, space, health, food security, and technology.
It aims to mobilise private sector capital and expertiseto achieve a variety of goals, including modernising infrastructure, advancing low-carbon development pathways, and improving public health.
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