The declaration of the Israeli-Emirati alliance, under the auspices of the United States, stimulates free trade between Abu Dhabi and Tel Aviv, and opens the doors for cooperation between them in various fields, in addition to the vision of joint security, military and political strategies that go beyond the normalization of relations.
According to the statistics of the Federation of Israeli Chambers of Commerce, there are about 300 Israeli companies operating and operating in the Emirates, but most of them are through international branches, and accordingly, the normalization agreement will break the restrictions and overcome the difficulties, especially for small and medium-sized Israeli companies that found difficulties during the period of hidden trade exchange in cooperation with Emirati companies.
The official signing of this normalization agreement brings the scenes of joint commercial relations into the open, and according to Israeli analysts and researchers, it is expected to push it forward at a rapid pace in light of the direct link between Israel and the UAE.
According to the Israeli perspective, the door to normalization will open new possibilities with the Emirates, which is no longer just a neglected oil emirate, as it is the financial and economic capital of the entire Gulf region and one of the most advanced in the world.
Frenzied rivalry
And since the commercial and economic normalization between businessmen from Israel and the Emirates for many years was kept secret and behind the scenes by a foreigner, since the announcement of normalization, Tel Aviv has witnessed a fierce competition to organize visits by businessmen delegations in various sectors.
The head of the Trade and Industry Sector, Dubi Amitai, said, "A delegation of businessmen has begun preparations to travel soon to the Gulf," in an interview with the website of the newspaper, "Yediot Aharonot".
He indicates that there is an unrivaled interest on the part of leading Jewish businessmen to trade with the Emirates, which was not typical of the past, as cooperation and trade exchange were limited to the security, military, cyber, and technology industries, carried out by companies and entities mainly descended from the Israeli establishment.
The head of the Trade and Industry Sector Directorate asserts that normalization will open the doors for free trade between the UAE and Israel in various fields and sectors, stressing that the diamond industry is one of the areas with great potential for business with the UAE and the Gulf.
He pointed out that the normalization agreement may also help open a diamond free trade zone in Tel Aviv, a proposal that is currently being examined by the Israeli Finance Ministry.
Among other areas with commercial potential that could be marketed in the Gulf and Abu Dhabi, Amitai said, "Desert agriculture, irrigation and water exploitation (which) businessmen from the UAE expressed interest in a conference with Israeli participation held on this topic in Germany."
Israeli brains
The hidden cooperation was not limited to trade exchange, as the Abu Dhabi government has for years sought the help of Israeli brains specializing in the fields of economic development.
"The pioneering vision in the UAE is for a leading country in the region, economically and politically, with a deep development of entrepreneurship and a global outlook," said Tali Singer, a development economist who worked in a Dubai government’s sovereignty fund.
Speaking to the Globes newspaper, which deals with trade and business affairs , the economic specialist believes that the UAE is, in practical terms, a free trade center linking the Gulf countries with the whole world, saying, "Here lies the tremendous potentials. Dubai International Business Center is one of the friendliest places. "In the world for business, finance and trade, and therefore the possibility of establishing a company and opening a bank account with an Israeli passport will be a great relief for Israeli companies."
The new situation for the normalization of relations between Tel Aviv and Abu Dhabi opens the dam to hundreds of Israeli companies and industries and thousands of Israeli businessmen, on a country like the UAE with enormous potential. Note that the Gulf trade bloc of all Gulf countries is the fourth largest group of imports in the world, with a trillion dollars annually.
Emirati investments
The Federation of Israeli Chambers of Commerce is preparing to motivate Israeli medium and small companies in order to help them to cooperate and invest in the UAE, knowing that these companies have solutions for most needs and sectors, whether water, desert agriculture, solar energy, advanced food industries, and of course security in all its aspects, from advanced weapons systems to the field of Internet and technology.
In recent years, the cooperation has also expanded to include other industries, for example in the field of defense computers, the cyber, which is another area of Israeli expertise and expertise.
A source close to the field says that dozens of Israeli cyber companies have entered into activities in the Emirates in recent years, "and it is not an exaggeration to say that almost every digital system in the UAE contains at least one Israeli component, and in many of them the entire system originates in an Israeli company."
Lawyer Yair Geva, who is familiar with business relations with Gulf countries, says, "The current activity is mostly through subsidiaries in Cyprus or Singapore. Now with normalization, Israeli companies will be able to openly compete with the largest international companies in the field of the Internet, as Israel is considered." One of the world leaders in the field of fighting fraud in this field, identifying fraud in digital credit transactions and in the field of logistics and remittances.
Israeli high-tech sector
Givaa adds that Israeli companies have been working for several years with venture capital funds from the UAE, on investments in start-ups and Israeli high-tech companies.
He explains that real investments have already been made on a large scale in quite a few Israeli companies, in energy and gas, tourism, real estate, infrastructure projects, Internet commerce, e-commerce, financial technology, artificial intelligence and logistics.
He expects a massive influx of capital from the UAE into the Israeli high-tech sector (the economic powerhouse of advanced technology).
The Israeli lawyer revealed the activity of Israeli companies that work with venture capital funds from the UAE on investments in Israeli emerging companies and high-tech companies, and this will enable Israeli companies - which are afraid to pressure the US boycott of financial relations with China or Russia - to find a new channel more. Safe in the Emirates.
It is likely that Israeli high-tech companies will be able to operate directly and openly across the Emirates to other countries, and all of this provides a huge opportunity in the world of online commerce, financial technology and payments, defensive internet, cyber, online content and games, artificial intelligence and digital medicine, which are the fields. In which the Israeli companies are among the leading companies in the world.