General Electric will open a multidisciplinary Research &Development centre in Israel, its eighth R&D centre in the country, at an investment of $3-5 million. The centre, which will be located in Haifa, will engage in research in water technologies, renewable energy and medical devices.

"With the establishment of the new R&D centre, we will be in a better position to build a close relationship with the Israeli technology community and identify new technologies that could become part of our portfolio," said GE Global Research VP for Advanced Technologies Michael Idelchik.

The research team will focus on renewable energy, energy storage, smart grid, and energy efficiency technologies. It will also work on water monitoring, purification, wastewater treatment, brackish water and seawater desalination technology; and in healthcare, on non-invasive medical devices, advanced diagnostic tools, and medical navigation and guidance systems.

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