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Israeli companies to make huge investments in technology and food industries in the UAE
November 09, 2021
This was highlighted at UAE-Israel Business Meet 2021, hosted by Kreston Menon and IDU
As the bilateral trade relations between the UAE and Israel are steadily growing, more Israeli companies are looking for major investments in the UAE. According to Prof. Ehud Menipaz, Chairman of International Advisory Committee, Israel Directors Union (IDU), the focus sectors would be Fintech and Digital Security, Food and Agriculture as well as in Energy. He was talking at the “UAE-Israel Business Meet 2021 - A Hybrid Event” hosted by Kreston Menon and Israeli Directors Union (IDU).
Ibrahim Ali, Director of the Investment Promotion Division of Dubai FDI, presented the ‘Dubai Advantage’ and invited the Israeli investors to partner with Dubai to shape the future. He interacted with the visiting Israeli delegation of 26 investors in person and with over 200 delegates who attended this hybrid event online.
Jamal Bin Marghoob, Senior Director – Sales, Dubai Airport Free Zone (DAFZA), Faisal Jassim, Senior Manager – Sales, Jebel Ali Free Zone (JAFZA) and Rashid Al Mulla, Vice President – Marketing, Dubai Commercity presented the sector wise advantages that the Free Zones can offer to Israeli businesses. They reiterated rather than being a passive facility provider they are committed to be partners to the growth and expansion plans of Israeli investors by being a gateway to the world markets.
Dr. Gritt Gur-Gershgoren, Chair of the Chairman Club IDU reiterated that the progress made in the first year of signing the Abraham Accords Peace Agreement, is bound to grow beyond expectations.
According to Shmulik Ben Tovim, President of the Fintech Community of Israel, major partnerships are in the pipeline in the Fintech sector, as Dubai is considered as the region’s hub for financial services and Israel as the tech capital of the world.
Speakers from diverse industry sectors including Banking, Taxation, Real Estate, Legal and Healthcare talked about the investment opportunities in the UAE.
Raju Menon, Chairman and Managing Partner of Kreston Menon, Sudhir Kumar, Senior Partner and Head of Corporate Communications, Pushpakaran Parambath, Senior Partner of Kreston Menon Corporate Services assured that their firm, who has supported and guided more than 8,000 investors to setup operations in the UAE, will partner with IDU to promote FDI in both the UAE and Israel.