Dubai Chamber signs a strategic agreement with the Tel Aviv Chamber on cooperation in the field of business support

The Dubai Chamber of Commerce and Industry today signed a strategic cooperation agreement with the Tel Aviv Chamber of Commerce, represented by the Federation of Israeli Chambers of Commerce, to enhance cooperation in a number of basic aspects related to doing business on both sides, and to promote coordination of joint efforts in a way that serves the interests of the business communities on both sides, following the start of relations Diplomacy and economic situation between the UAE and Israel.

The terms of the agreement include cooperation in conducting economic studies on bilateral markets, investment opportunities, growth prospects and partnerships that can form the basis for bilateral cooperation in various economic sectors between the two sides, in addition to organizing virtual events on growth opportunities and cooperation between the business communities, exchanging visits of economic delegations and organizing business forums. Joint cooperation, as well as cooperation in the fields of entrepreneurship and startup projects.

The agreement also includes the participation of the Dubai Chamber in organizing and coordinating future trade and investment relations and ties between the business communities in Dubai and Israel, as the Dubai Chamber is the representative of the private sector in the emirate and includes more than 250,000 companies in its membership.

This agreement contributes to expanding the horizons of economic cooperation at the regional and international levels, as its benefits will not only benefit the business communities in Dubai and Israel, but will extend to include all concerned parties and business communities in the Middle East region, which translates Dubai's approach to building bridges of cooperation and supporting transient global partnerships. For boundaries that benefit economic growth in the region.

The Director General of the Dubai Chamber of Commerce and Industry, Hamad Buamim, indicated that the agreement comes within the framework of a new and vital phase of links between the business communities in Dubai and Israel, considering that the openness of Dubai's economy to global markets and its leadership in various economic fields makes Dubai a partner of weight and importance. Quality for most global economies.

Buamim pointed out that the agreement paves the way for more channels of cooperation in many key sectors, noting that studying bilateral markets, understanding investors' requirements and priorities, and identifying areas of cooperation are matters that constitute the first phase of cooperation with the Tel Aviv Chamber to serve the strategic development goals of both sides.

Buamim stressed that the partnership agreement aims to enhance the prospects for economic growth and prosperity in the region, as it provides investment opportunities for all parties in the region, and focuses on creating an appropriate and competitive environment for doing business that will benefit business communities throughout the Middle East.

In turn, President of the Federation of Israeli Chambers of Commerce and Chairman of the Tel Aviv Chamber of Commerce, Yorel Lynn, said: “This agreement with the Dubai Chamber supports the peace treaty between the UAE and Israel, and creates a partnership between the two countries, who have worked hard to build strong and prosperous economies for the benefit of their people. Bridges of joint cooperation in the sectors of advanced technology, tourism, aviation, investment and real estate, especially in the areas of clean technology, irrigation, agricultural technologies, digital medical care and many others. "  

 This agreement confirms the role of the Dubai Chamber in representing the diverse and multinational business community in Dubai, as the Chamber works to increase the opportunities available to the private sector in the emirate, and to create a fertile ground for attracting local, regional and international investments, in addition to providing opportunities for the exchange of experiences and the necessary training in skills, which It enhances the ability of its members to conduct their businesses in the best possible way and achieve the highest levels of success they aspire to achieve.

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