Arabian Post Staff
Dubai Airport Free Zone Authority (DAFZA) announced the signing of a memorandum of understanding with the Israeli Federation Israeli Chambers of Commerce (FICC) to define frameworks for bilateral cooperation between the two sides in the field of encouraging and supporting Israeli companies to establish their businesses and take advantage of commercial and investment opportunities and incentives.
They were presented by the Dubai Airport Free Zone, during a virtual ceremony held remotely, in the presence of His Excellency Dr. Mohammed Al Zarooni, Director General of the Dubai Airport Free Zone Authority, and Mr. Uriel Lynn, President of the Federation Israeli Chambers of Commerce.
Through the memorandum, DAFZA will promote the emirate of Dubai as a global trade center. A stimulating business environment for Israeli companies, to introduce them to the nature of business and investment opportunities that they can benefit from through several joint initiatives that will be organized in cooperation with the FICC, which serves as roof organization to over 5000 businesses and organizations operating in more than 120 divisions, for what DAFZA represents as an ideal location for business growth at the regional level and the Emirate of Dubai as a platform to enable Israeli companies to expand and reach the Asian and Middle Eastern markets through the air logistics port of Dubai International Airport.
DAFZA will provide the companies of the Federation of Israeli Chambers of Commerce with incentive offers to establish businesses and integrated services in this context, by supporting startups, as Israel is the second incubator for emerging companies in the world, in addition to e-commerce companies that will benefit from the free zone specialized in e-commerce Dubai Commercity, which will enable them to gain access to the different e-commerce system in the emirate with competitive incentives agreed upon by both sides.
Also, the two parties will cooperate in the field of exchanging information and experiences to achieve common goals, in a way that contributes to introducing the companies of the two countries to the vital business environment for establishing and developing their business, in addition to promoting the services and facilities provided by DAFZA and FICC..
It is noteworthy that this cooperation between both parties will enhance the process of supporting the business of many major targeted industries, such as logistics, technology, and electronics, in addition to the precious stones and metals industry, the agricultural industry, the pharmaceutical, and medical equipment industries, and areas of research and development.