UAE and Israeli companies hold 200 bilateral business meetings during high-level forum in Dubai

Business

UAE and Israeli companies hold 200 bilateral business meetings during high-level forum in Dubai

Dubai International Chamber, one of the three chambers operating under the restructured Dubai Chambers, today hosted theDubai-Israel: Future Horizons Missionforum at the headquarters of Dubai Chamber of Commerce, where 200 bilateral business meetings were held between Israeli and UAE companies.The forum was organised by Dubai International Chamber, the UAE Embassy in Israel and the Tel Aviv Stock Exchange, as part ofThe Executive Series,a new flagship series of VIP business missions. The event was the focus of a high-level trade mission which was joined by 50 businessmen representing 25 Israeli companies listed in Tel Aviv Stock Exchange.

The event aimed to highlight the vast untapped potential that businesses in Israel and the UAE, as well as existing synergies in key sectors of mutual interest and new business opportunities emerging in both markets. In addition, the forum familiarised Israeli businessmen with Dubais economy and business environment.The forum featured workshops and panel discussions covering several high-potential sectors and fields, namely technology and innovation, and financial services and investment.

The visiting Israeli delegation was headed byIttai Ben-Zeev, CEO of Tel Aviv Stock Exchange (TASE)and joined by Altshuler Shaham, Amos Luzon Dev.& Energy, Beeio Honey, Bezeq, Delek Drilling, Energix, Enlight Enregy, Epitomee, Feat Inv., Glassbox, Group 11, Israel Aerospace, Menara Ventures, Nayax, Nova, Perion Network, Pomvom, Sofwave Medical, Strauss Group, The Phoenix, The Zarasai Group, and Userway.

Addressing participants, H.E. Hamad Buamim, President & CEO of Dubai Chambers said the event and trade mission supports Dubai Chambers efforts to build and expand Dubais trade and investment ties with Israel, which he described as a market of strategic importance to the emirate.

Israeli companies can offer specialised expertise to UAE companies in the areas of food security, information technology and financial services, said H.E. Buamim, who stressed the importance of the Israeli delegation visit, the first trade mission to be organised by Dubai International Chamber underThe Executive Series.

He noted that the delegation visit and forum come at a time when Dubai is elevating its position as a global business hub and boosting its value proposition to foreign investors and top companies from around the world as it works towards a new vision for the next 50 years.In addition, H.E. Buamim revealed that Dubai's non-oil trade with Israel reached nearly AED 2 billion in the first half of 2021, which he says reflects the huge potential between the two business communities. He added that the trade mission would open new doors of opportunity for Israeli companies in Dubai and take economic cooperation to the next level.