Jafza and the Federation of Israeli Chambers of Commerce sign a memorandum of understanding to start economic and trade relations

The Jebel Ali Free Zone (Jafza) and the Federation of Israeli Chambers of Commerce signed a strategic agreement as part of their efforts to support the business sector and encourage economic cooperation.

The agreement was signed by Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World, and Chairman of the Federation of Israeli Chambers of Commerce, Aurel Lane.

According to the memorandum of understanding between Jafza and the Federation of Israeli Chambers of Commerce, the two sides will make unremitting efforts to establish communication and build new partnerships to enhance trade relations. The two sides will also exchange data that would serve economic relations, including information on regulations, laws, business plans and opportunities related to economic planning.

Sultan Ahmed bin Sulayem stressed the importance of this agreement .. and said: “Recent developments and bilateral agreements between the UAE and Israel have opened new horizons within a wide range of sectors and in Dubai Ports World - UAE Region. We welcome this major step that will provide unlimited growth opportunities as it represents the establishment of Direct relations between two vibrant and developed economic powers in the Middle East region are definitely a driving force for economic growth and will contribute to the development of the business sector in the UAE. Israel is also distinguished by its tremendous capabilities in the field of innovation and modern technologies, while the UAE occupies an advanced position in the global trade sector and is one of the largest business centers. In the world. "

He added: According to World Bank data, the UAE is ranked fifth in the world in terms of per capita GDP, according to the purchasing power rate, which reaches $ 74,000 / AED 271,580 / and our growth numbers confirm these results.

With the country's GDP reaching 368.52 billion dirhams during the first quarter of 2020, we hope that these numbers will increase significantly in light of the promising opportunities that will arise through these partnerships, and we are optimistic that this agreement will boost the business sector and support trade in the UAE, Israel and the region in general. ".

For his part, Uriel Lynn said: The signing of the Memorandum of Understanding with Jafza is an event that will be recorded in history and is an example of what can be achieved in this world when there are two countries determined to achieve more prosperity for their people, and this agreement will benefit the business community in both Dubai and Israel, where a greater number will benefit. One of the companies from the advanced facilities and services provided by Jafza to establish a bridge for the Israeli business sector to promote foreign trade of products and services.

Lin added: The message of peace will take a form of joint action in the interest of the peoples of the two countries. The diplomatic agreement has paved the way to stimulate economic growth in the two countries. Trade relations will certainly benefit both sides, as both Israel and the United Arab Emirates have a long list of important achievements in addition to the tremendous potential. Which we hope to benefit from to promote growth and within the framework of our shared vision with Jafza in terms of opportunities and commitment to promoting economic stability, our main goal is to enhance economic cooperation and create new opportunities for companies in the two countries. Among our main goals are also strengthening trade relations and enhancing cooperation during the coming period. This partnership both countries to new heights of growth and prosperity. "

It is worth noting that "Jafza" and the Federation of Israeli Chambers of Commerce will exchange information on market research, trade fairs and trade missions that are organized in the two countries in addition to cooperating in organizing lectures, seminars, activities and events that enhance economic relations.

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