About I2U2

• I2U2 stands for India, Israel, the UAE, and the US, and is also sometimes referred to as the ‘West Asian Quad’ on the lines of the Quadrilateral Security Dialogue (Quad) which has Australia, India, Japan, and the US as members. 
• The I2U2 grouping was established in 2021 following an initiative by the four countries’ foreign ministers.
• Its stated aim is to discuss common areas of mutual interest, to strengthen the economic partnership in trade and investment in respective regions and beyond.
• Six areas of cooperation have been identified by the countries mutually, and the aim is to encourage joint investments in water, energy, transportation, space, health, and food security. 

Why in News?

• India, Israel, the United States, and the United Arab Emirates under the I2U2 group have announced a new joint space venture that is aimed at creating a “unique space-based tool” for policymakers, institutions, and entrepreneurs. 

https://timesofindia.indiatimes.com/india/i2u2-group-of-india-israel-us-uae-announces-joint-space-venture/articleshow/103896236.cms?from=mdr