In other news, trade between Dubai-Israel has reached 1 billion Dirham (272 Million USD)
By Nosson Shulman: Licensed Tour Guide of VIP Israel Tours & Authentic Virtual Tours (click here to check out his free trailer videos)
Last week history was made, when Israel opened an Embassy in Abu Dhabi, the capital of the United Arab Emirates (UAE), only four months after signing the Abraham Accords!
Israel’s foreign ministry stated that the new embassy will advance the range of relations between the countries in all areas including the private sector, academia, media and more.
Since the summer, many lucrative deals have been signed between Emirati and Israeli companies. Last week trade between Israel and Dubai reached 1 billion AED and is expected to reach 15 AED (4 Billion USD) within the next 3-5 years, which according to Dubaian officials will create 15,000 jobs. This figure does not include trade deals involving Israel and the other 6 Emirates, including Abu Dhabi, for which official figures have yet to be published.
The primary Israeli exports have been fruits and vegetables, diamonds, medical devices, and electronics. Dubai’s main exports to Israel are phones, perfumes, and engine parts. Only last week, the UAE announced they will be investing 100 million dollars in Israel’s cutting-edge green technology, particularly in solar energy.
Amazingly, the UAE has also signed on to import wines, olive oil and honey from Jewish companies in Judah and Samaria (the West Bank). They will be labelling the products as “Made in Israel”.
Nosson Shulman is a journalist and Licensed Tour Guide in Israel specializing in Biblical tours. To allow tourists to experience Israel during the Corona era, he created the new hit Israel tour video series which brings Israel to the home of viewers by simulating actual tours. To check out his free sneak preview tour videos, click here.
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