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Picture3.jpg Photo: Jafza

‘Historic’ MoU between DP World’s Jafza and Israeli Chambers of Commerce

Following the normalising of relations between Israel and the United Arab Emirates (UAE) DP World’s Jebel Ali Free Zone (Jafza) has inked a Memorandum of Understanding (MoU) with The Federation of Israeli Chambers of Commerce (FICC).

Under the MoU the two parties will share crucial information about new developments regarding economic relations between the countries, including regulations and plans and possibilities in terms of economic planning in the two countries.

The agreement was signed virtually Sultan Ahmed Bin Sulayem, group Chairman and ceo of DP World, and Uriel Lynn, president, FICC.

“The establishment of direct ties between two dynamic and advanced economies in the Middle East will undoubtedly provide impetus to economic growth, transforming the business landscape in the UAE. Israel has phenomenal innovation and technological capabilities, whereas the UAE holds a prime position in the world of global trade and is one of the greatest business hubs in the world,” said Sultan Ahmed Bin Sulayem of DP World.

Uriel Lynn, president, FICC asserted: “The signing of the MoU with Jafza is a historic event that will go down in history as an example what can be achieved in our world if two countries are bent on creating more prosperity for their people.

“Our main goal is to create a forum to promote economic cooperation and create new opportunities for businesses in both countries. Strengthening business ties and enhancing collaboration over time is also one of the primary objectives. We hope this partnership will propel both countries to an all-new level of prosperity.”

 

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