Ever since the UAE and Israel signed normalisation agreement in 2020, as part of the Abraham Accords, trade and investments between the nations have risen considerably. Israel has continued to reveal a slew of incentives as it looks to attract UAE investors and entrepreneurs to its shores. The nation recently revealed a $100 million mutual fund to benefits investors in both countries.
In 2021, UAE-Israel trade witnessed a significant jump in volumes, with exports and imports revolving mainly around diamonds; mechanisation, electrical, and electronic equipment; as well as minerals, fuels, and oils.
In an exclusive conversation with Arabian Business, the Director General of Israel’s Ministry of Economy and Industry, Dr Ron Malka, shares how trade growth between the two countries is likely to diversify further into the sectors of agro-tech, water management, bio-med, and robotics.
He also alludes to the possibility of a free trade agreement deal signed between Israel and the Emirates in the near future.
(Source: ArabianBusienss YouTube channel)
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