Israeli investors eye booming UAE real estate, energy, AI sectors
DUBAI, September 15, 2020
As the talks to normalise relations between Israel and the UAE gather momentum, a group of private sector players from Israel, Emirates-Israel Investment Group is also expected in the country in search of mutually beneficial investment and trading opportunities.
Coming against the backdrop of the historic talks, a group of Israel investors under the auspices of the United Emirates-Israel Investment Group, have shown keen interest in developing partnerships in various sectors of the regional economy.
A organisation founded by a group of investors with vast experience in business all over the world, The Emirates-Israel fund specialise in different areas such as real estate, energy, artificial intelligence (AI), automotive, cyber security, agriculture and food industry.
The group has identified Dubai as the gateway to the region’s vibrant market and their first visit to the UAE is seen as a launchpad for doing business in the wider GCC region.
Israel known as a 'start-up nation' is expected to bring innovative solutions in the energy, cyber security and communications industries.
With the right trading opportunities, the group says its exports to the UAE could jump to an annual $300-$500 million, said a top official.
"We are proud of the successful normalization talks between Israel and the UAE - two great nations that can achieve more in terms of economic growth following a strong annual bilateral trade," remarked Advocate Ofir Bar-Noy, the co-founder of the group and UAE-Israel owner of Bar-Noy and Co Lawyer office.
"As private sector players from Israel, we are also looking for investment opportunities in key areas such as cyber technology, biotech, green energy and food technology that can further strengthen this relationship," he added.
According to Ofir, the group’s primary objective is to collaborate with UAE investors and to nurture trade opportunities as well as to establish solid foundations for long term business relationships.
The group also plans to tap into UAE’s unique position as a regional business hub for world-class products and cutting-edge technology to grow a market for Israel products and services.
