She confirmed that «DP World» has the ability to win the contract to privatize «Haifa Port»

Israel Chambers: We are looking forward to a free trade agreement with the UAE

  • The Federation of Israel Chambers: DAFZA is an ideal location for global business growth.

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  • Uriel Lin: "The start of regular commercial flights between the two countries will open a wide field for trade."

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The head of the Federation of Israeli Chambers of Commerce, Uriel Lin, called for the signing of a free trade agreement between the UAE and Israel, saying: “The business and industry community in his country is looking forward to building strong friendly relations with the private sector in the UAE.”

He added that "friendship relations can enhance economic and commercial interests," stressing that Israeli businessmen are looking for an economic partnership with the UAE at a great level.

Multiple opportunities

On the sidelines of his visit to Dubai last week, Lin told «Emirates Today», on the sidelines of his visit last week to Dubai, at the head of the first Israeli trade delegation to visit the country after the signing of the Abrahamic Peace Agreement in Washington last August, that «the UAE-Israeli cooperation opportunities are numerous, and serve the economic goals of the two countries.

He explained that «the delegation included businessmen representing several economic sectors seeking cooperation with the UAE, especially in the field of joint intra-trade and technology industries, desert cultivation, desalination and purification of drinking water, clean energy, services, transportation, shipping, aviation, tourism, and ports». Pointing out that the start of regular commercial flights between the two countries will open a wide field for trade.

Israeli goods

Lynn expected that the local markets in the UAE would witness a remarkable presence of various Israeli goods, including pharmaceutical, food and technological products, praising the global economic position of the UAE and Dubai, its flexible and strong economic model, the diversity of its economic sectors and the abundance of investment opportunities in it.

He emphasized that Israeli companies are interested in constructive cooperation with Emirati partners, especially in areas of mutual interest in the sectors of scientific research, agriculture, industry, free zones, and developing investment relations.

Memoranda of Understanding

The head of the Federation of Israeli Chambers of Commerce praised the memorandum of understanding signed by the Dubai Ports World Company with an Israeli company, for presenting a bid to bid for the privatization of "Haifa Port", saying: “It is good for (DP World) to win this offer, especially with the experience it has, as well. About that it has the ability to win this offer ».

The «DP World» signed a memorandum of understanding with «Israel Shipyards Industries» specialized in shipbuilding, to submit a joint proposal to privatize «Port of Haifa».

He also praised the memorandum of understanding that was signed with the Dubai Airport Free Zone Authority "DAFZA", stressing that the Federation of Israeli Chambers of Commerce will encourage Israeli companies to promote "DAFZA", as it is an ideal location for business growth at the global level, and for Dubai as a platform to enable companies to Expanding and reaching important markets at the regional level.

Business support

Lin said: “The agreement signed by the Dubai Chamber of Commerce and Industry with the (Tel Aviv Chamber) will strengthen cooperation in the field of business support, as cooperation includes the areas of preparing investment studies, exchanging trade delegations, organizing business forums, and coordinating trade and investment partnerships.”

He called for all parties to benefit from the free trade agreement between Israel and the United States on the one hand, and the free trade agreement between Israel and the European Union on the other hand, noting that these agreements enhance opportunities for Emirati exports in growth markets.

He emphasized that the signing of a free trade agreement between Israel and the UAE would contribute to boosting Israeli exports to Asia and Africa via Dubai.

A tourist destination

The head of the Federation of Israeli Chambers of Commerce, Uriel Lin, said that "the tourism sector is one of the top priorities for the Israeli side."

He added, "Israeli tourists want to come to Dubai. They travel a lot, and they can replace regular tourist destinations in the Emirates."

"The peace agreement will open a great way for relations that will benefit the countries of the region," he said, pointing out that the Israeli businessmen delegation is looking forward to building a basic base of mutual understanding.

A flexible, diversified economy

The head of the Federation of Israeli Chambers of Commerce, Uriel Lin, said that “the Israeli economy has changed a lot during the past quarter century,” indicating that the services industry in Israel has witnessed remarkable growth during that period, as Israel's exports of services are close to the numbers it has exported of goods with an investigation The Israeli economy was experiencing high growth rates, before the outbreak of the new Corona pandemic.

He added, "We have a dynamic, flexible, and diversified economy capable of growing and dealing with changes, and we look forward to building bridges for joint cooperation and changing the economic culture."

Road transport industry

The Israeli official, Uriel Lin, called on businessmen in the Emirates to organize a visit to Israel at the earliest opportunity, saying: “He will work with all parties in the UAE to find common ground for cooperation in several economic fields, including land reclamation, water desalination, and technology. Modern, renewable energy, as well as trade in goods and services ».

He revealed that he is looking forward to allowing the road transport industry between Israel and the Emirates to be opened through Saudi territory, as happened with the opening of airspace for Israeli aircraft to cross the Saudi airspace, indicating that Israeli goods can reach local markets in the UAE within three days, which are Record period boosting trade exchange between the two countries.

Israeli companies are interested in cooperating in areas such as scientific research and agriculture.

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