Investors are looking for strategic partnerships in several sectors
500 Israeli companies in the UAE before the end of 2020
The UAE-Israel Business Council will encourage Israeli companies to come to the UAE and discover opportunities.
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Fleur Nahum: "There is a remarkable desire on both sides to discover opportunities and improve and strengthen relations."
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The Deputy Mayor of Jerusalem and Chairman of the Emirati-Israeli Business Council (under incorporation), Fleur Hassan Nahum, said that the number of Israeli companies scheduled to operate in the UAE will reach 500 before the end of this year, noting that up to 250 companies owned by Israelis are operating Now in the country, she also expected the number to double before the end of the year 2020. Nahum told Emirates Today that Israeli investors are looking to build strategic partnerships with their counterparts from the UAE in several economic sectors, foremost among which are advanced technology, innovation, vital agriculture, modern industries, tourism and the sector. Al-Aqari, calling for the speedy launch of the direct flight line between Abu Dhabi and Dubai on the one hand, and Tel Aviv on the other hand, as well as opening the way for tourism exchange between the UAE and Israel.
Strategic peace
Nahum added that "the peace treaty between the UAE and Israel, which was signed under the auspices of the United States, is a warm participatory strategy between the two countries, and it is a great step to change the face of the region," noting that "the UAE has opened the door to a major change in the Middle East and the Arab Gulf region." ».
She indicated that Israel is looking forward to a complete normalization of economic relations with the UAE, and the building of major strategic partnerships that strengthen the economies of the two countries.
Distinguished relationships
Nahum explained that the Emirati-Israeli Business Council, which is currently being established, includes 1,000 businessmen from the two countries, and seeks to build distinctive economic, cultural and popular relations that have no parallel in other peace agreements signed by Israel with Arab countries, pointing out that the time is right for that, and that The two peoples show a common enthusiasm for cooperation, acquaintance, and finding common opportunities for success.
Nahum, who visited the UAE last week, to hold meetings with the Emirati business community and attend the Israeli-Gulf Women Forum in Dubai, expected that next year will witness a significant growth in the number of Israeli companies operating in the UAE, especially in the field of technology.
She called on Emirati companies to study investment opportunities in Israel, especially in East Jerusalem, and the Israeli free zones, stressing that Israel would grant Emirati investors the facilities necessary to enter the market and discover opportunities in Israel.
Discover opportunities
Nahum said that the talks to establish the Emirati-Israeli Business Council began since last April, when the peace talks between the two countries developed greatly, stressing that there is a remarkable desire for cooperation, and a desire on both sides to discover opportunities, improve relations and strengthen them.
She stated that meetings have already been held remotely with businessmen from the UAE, especially with companies owned by Israelis, working in the field of technology, innovation, information security and renewable energy, noting that the council will work to encourage Israeli businessmen and companies to come to the UAE, and discover opportunities that build Partnerships.
Expand cooperation
Nahum confirmed that the Council supports the agreement recently signed by the Dubai Chamber of Commerce and Industry with the Tel Aviv Chamber, noting that it contributes to expanding the horizons of economic cooperation at the regional and international levels, and is reflected in the business communities in Dubai, Israel and the Middle East region, calling for the start of official visits from businessmen. Emiratis to Jerusalem, to discuss mutual cooperation and exchange visits.
She added that she will organize a visit for a number of representatives of tourism companies to discuss aspects of cooperation in the field of tourism, and a delegation from the UAE tourism sector will be invited to visit Israel soon, and a meeting with the Tourism Authority in Israel.
Great opportunities
Nahum said that she sees great opportunities for Emirati companies to participate in development projects in East Jerusalem, where most of its residents speak Arabic, noting that East Jerusalem could become a headquarters for companies working in the field of research, development and innovation, which could improve the chances of the Arab population there.
She pointed out that Israel is advanced in these technical fields, renewable energy, water purification technology and agricultural technology, and it can cooperate with its partners from the UAE to export these services to other markets in Africa and the region.
Promote tourism
Nahum indicated that there is an important aspect in the peace process with the Emirates, which is that "Israeli Arabs" also benefit, as the tourism sector can be strengthened while allowing Muslims to visit Jerusalem, pointing out that the UAE is the business gateway to the African continent, and it has a strong transport, shipping and logistical industries. This enhances the access of industrial products to many regions of the world.
Joint agreements
The head of the Emirati-Israeli Business Council (under incorporation), Fleur Hassan Nahum, said that «the (QIZ) agreement or the qualified industrial zones that were signed with Egypt to facilitate the access of Egyptian products to the American market were wonderful, and we are looking forward to signing joint agreements with the Emirati side that strengthen our partnership Economic in a way that serves the interests of both countries ».
Nahum expected the signing of cooperation agreements in a number of economic fields, noting that the Abu Dhabi Investment Office will sign a cooperation agreement with the Jerusalem Development Authority to enhance cooperation in various economic fields, including the tourism and agricultural sectors.
250
An Israeli-owned company currently operating in the state.
The Emirati-Israeli Business Council being established includes 1,000 businessmen from the two countries.
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