November 10 - A new report in the UAE says that "a high-level business delegation led by the Federation of Israeli Chambers of Commerce, FICC, visited the headquarters of the Dubai Chamber of Commerce and Industry on Monday to discuss prospects for developing economic ties between Dubai and Israel."
Read the full report.
Highlights
The delegation was hosted by Hamad Buamim, the President and CEO of Dubai Chamber. The Chamber "aims to familiarize Israeli businessmen with Dubai’s economy, business environment and competitive advantages," the report says. They will also visit the Sheikh Mohammed Centre for Cultural Understanding. The report said there is "huge potential for companies on both sides to forge mutually beneficial partnerships."
The delegation met: - Dubai Exports, Dubai Airport Free Zone
- Dubai South, Expo 2020 Dubai
- Jebel Ali Free Zone, DP World
- Dubai Future Foundation
- Dubai World Trade Centre
- Dubai Multi Commodities Centre
It was led by Uriel Lynn, President of FICC and included: - David Castel, CEO, Haifa Chamber of Commerce
- FICC; Amir Shani Vice President, FICC
- Ze'ev Lavie, VP International Relations Division & Business Development, FICC
- Adiv Baruch Chairman, Israel Export & International Cooperation Institute
- Gadi Ariely Director-General Israel Export & International Cooperation Institute
- Sabine Segal, Deputy Director-General for International Business Affairs Israel Export & International Cooperation Institute
- Avshalom Vilan Secretary-General, Israel Farmers' Federation.
The opportunities include:
- Hi-tech
- Medical and pharmaceutical
- Electronic products
- Sustainable agriculture and food security
- banking
- Fintech
- Cybersecurity
- Space economy
Strategic trade hub
Dubai also wants to position itself as a "strategic trade hub that can offer easy access to emerging markets across the GCC, Africa and Asia." The Emirates is also push new ways to encourage entrepreneurs, such as offering including long-term residency visas. "The trade mission comes only two months after Dubai Chamber and Tel Aviv Chamber of Commerce, represented by the Federation of Israeli Chambers of Commerce, signed a strategic partnership agreement, which paved the way for bilateral economic cooperation." Want to learn more? Follow us on Facebook: https://www.facebook.com/GulfIsrael
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