UAE-Israel Investment in Private Sector Tops $10 Billion

UAE-Israel Investment in Private Sector Tops $10 Billion

 

Bilateral investment between the UAE and Israel has the potential to reach $10 billion within a short time span with the private sectors on both sides getting very active, a leading Israeli investor said.

Jon Medved, CEO of Israel's investment platform OurCrowd, said in an interview that the normalisation of relations between the UAE and Israel following the signing of the peace agreement, known as Abraham Accord, would be “an unbelievable game-changer” in the two-way investment sphere.

At present, the governments of the UAE, Israel and the US are leading the way by setting up a joint $3 billion investment fund headquartered in Jerusalem as part of efforts to normalise relations and promote regional economic development.

“But the real activity is happening in the private sector as there is a lot of enthusiasm