Agreement aims to enhance trade between UAE and Israel
Abu Dhabi Ports and the Manufacturers Association of Israel (MAI) have signed an agreement to enhance trade, investment and technology cooperation between the United Arab Emirates and Israel.
The Memorandum of Understanding (MoU) was signed in the presence of His Excellency Falah Mohamed Al Ahbabi, Member of the Abu Dhabi Executive Council and Chairman of Abu Dhabi Ports.
The MoU opens a dialogue between Abu Dhabi Ports’ subsidiaries KIZAD and ZonesCorp , which are under its Industrial Cities and Free Zone portfolio, and MAI to contribute to the reciprocal expansion of trade.
Abu Dhabi Ports, part of ADQ will also hold a webinar later this month for members of the MAI, to apprise them of the opportunities available in the emirate and specifically within the Industrial Cities and Free Zone.
The Manufacturers Association of Israel is the representative body of the country’s industrial sectors including private, public, kibbutz and government industries.
With a membership of over 2,000 organisations and industrial plants, MAI members are responsible for more than 95% of the industrial production across Israel.
The MoU was signed by Captain Mohamed Juma Al Shamisi, Group CEO, Abu Dhabi Ports and Dr. Ron Tomer, President of the Manufacturers Association of Israel at Khalifa Industrial Zones Abu Dhabi (KIZAD) to agree on the cooperation and trade enhancement.
This is the first agreement signed by Abu Dhabi Ports with an Israeli trade organisation since the ratification of the peace agreement between the UAE and Israel.