Menu

Historic deal between Dubai and Israel aims to open up meetings

Dubai and Israel have signed an historic partnership that paves the way for both countries excepting delegations from the other by the end of the year.

Delegates and exhibitors from Tel Aviv could be allowed to attend large conferences and exhibitions in Dubai within months under the agreement, although how this will play out in practice remains to be seen.

The agreement between the Dubai World Trade Centre (DWTC) and Israel Export Institute is part of a broader peace deal between the UAE and Israel, brokered on August 13, which is estimated to be worth $500 million across several sectors and aimed at promoting peace and stability in the region.

The first official flight from Israel to the United Arab Emirates landed at the end of August and was seen as a major step in normalising relations between the countries.  The El Al flight, carrying a delegation of officials, was allowed to cross Saudi Arabian airspace, normally blocked to Israeli air traffic.

DWTC is one of the leading venues for international conferences and trade fairs in the Middle East and is home to the Dubai Association Centre where 69 organisations are currently based. New tenants this year include The International Chamber of Commerce – UAE Chapter, Arab Association of Surgical & Medical Aesthetics, Sharia Professionals Association and International Council of Museums – UAE Chapter.

His Excellency Abdulla bin Touq Al Mari, UAE Minister of Economy, said: “Partnerships such as the one will have a wide- reaching positive impact, as not only both nations stand to benefit, but so does the wider region, particularly through an inward flow of investment and trade, increased cooperation, knowledge sharing, and large-scale innovation.”

His Excellency Helal Saeed Almarri, Director General of Dubai World Trade Centre Authority (DWTCA) and Dubai’s Department of Tourism and Commerce Marketing (DTCM) said: “Our partnership with the Israel Export Institute is a significant step forward as it marks the commencement of a meaningful long-term trade and business relationship between the UAE and Israel. In the face of a rapidly evolving global setting, we are confident that this collaboration will create unparalleled immediate market access opportunities for UAE and Israeli businesses that are looking to expand their reach in both countries, with wider economic impact across the region.”