New trade and capital flows to bring immediate benefits

UAE and Israel are starting on a new journey that “we must all take together towards peace, stability, and hope of a better life for our people and our region,” said Minister of Economy, Abdullah Bin Touq Al Merri, on Monday.

“Business leaders will play a major role in advancing this vision of the future. While these new trade and capital flows will immediately benefit Israel, UAE, and US, they also stand to have a significant spillover effect on the entire Middle East region and broader global economy,” Al Merri added.

He made his remarks during his visit to Washington DC as part of the official delegation attending the UAE-Israel Peace Accord signing ceremony.

Al Merri discussed the economic and trade implications of the UAE-Israel Peace Accord as part of a joint webinar, hosted by the US-UAE Business Council, the USIsrael Business Initiative at the US Chamber of Commerce, and with the support of the

Trade and Commercial Office at the UAE embassy in Washington.

Business leaders will play a major role in advancing this vision of the future.”

Sectors of immediate attention

Al Merri elaborated on key business verticals and sectors that will see immediate attention. Life sciences, pharmaceuticals, food security, financial services, tourism and travel, energy, as well as space, defence, and security are ripe for new business partnerships, as well as joint R&D and joint investments in both countries.

A significant number of American companies and investors already form the connective tissue in this relationship by having regional offices and headquarters in the UAE and Israel.

Al Merri underscored the important role US companies and investors will play in helping to establish the ties.

Abdullah Bin Touq Al Merri | UAE Minister of Economy