UAE-Israel business ties in the fast lane

UAE-Israel business ties in the fast lane

As the UAE and Israel signed the Abraham Accord in Washington DC to set up diplomatic ties and normalise relations, private and public sector companies are gearing to explore trade and investment opportunities in both countries.

Industry sources and private sector officials said at least half-a-dozen deals are in the pipeline that will foster bilateral annual trade up to $4 billion by 2022.

In addition, both the countries will be exploring investment opportunities in key sectors, including financial, aviation, real estate, travel and tourism, among others.

The Abu Dhabi Investment Office (ADIO) plans to open a network of international offices to support global companies looking to establish and expand their operations in the UAE capital. Its first international office will be