Both national discussed further growing business opportunities across priority sectors, accelerating non-oil trade exchanges and diversifying bilateral investments…reports Asian Lite News
Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, met with the Israeli Tourism Minister Yoel Razvozov at the opening of the Israeli Pavilion at Expo 2020 Dubai to review advancing economic cooperation and increasing direct flights between the two nations.
The two ministers deliberated the prospects of further growing business opportunities across priority sectors, accelerating non-oil trade exchanges and diversifying bilateral investments in the post-pandemic phase.
“The UAE-Israeli relations are steadily growing and we’re determined to further develop them over the coming period,” Al Falasi said, noting that Expo 2020 Dubai represents a valuable opportunity for the Israeli businesses to benefit from the opportunities up for grabs during the global fair. He remarked that the non-oil trade exchanges between the two nations amounted to $700 million during the first year that followed the signing of the Abraham Accords Peace Agreement.
Also Read
“The UAE tourist and hotel establishments have secured high occupancy rates over the past period, overtaking 10 of the world’s most-visited tourist destinations. An achievement that would not have been made but for the efforts made at the country level to stamp out the challenges triggered by the COVID-19 pandemic,” the minister said.
For his part the Israeli minister said, “On the occasion of the first anniversary of signing the Abraham Accords Peace Agreement, we affirm the impressive success achieved over the past period by the two nations specially at the tourist level.
“Despite the movement restrictions associated with the pandemic, the tourist exchanges between the two nations witnessed significant momentum, with around 250,000 Israeli tourists having visited the UAE over the past period. And we expect cooperation in this field to further grow over the coming period,” he said, noting that the tourist sector is a mainstay for the development of economic relations between the two countries.
Meanwhile, UAE Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan has concluded an official visit to the United States, during which he met top US and Israeli officials.
The UAE top diplomat’s visit to the States set an example for joint action between allies to reinforce regional peace and stability in a way that would help meet the aspirations of the nations of the region.
Sheikh Abdullah during the visit met with US Secretary of State Antony Blinken, and Israeli Foreign Minister Yair Lapid, The meeting resulted in the announcement of two trilateral working groups; the first on religious coexistence and the other on water and energy issues.
ALSO READ: Israel and Sudan discuss bilateral cooperation
Commenting on the visit, Sheikh Abdullah said the UAE-US relations have been steadily and significantly growing over the past period and culminated in a privileged and fruitful partnership, noting that the UAE values tolerance and peaceful coexistence.
For his part, the US top diplomat commended the strategic relations between the two nations and their importance in underpinning peaceful coexistence in the region.
He pointed out that the normalisation of ties between Arab nations and Israel will contribute to achieving stability in the region. “We are working together for delivering a bright future for the peoples of the region,” he said.
Sheikh Abdullah also met with the members of the American-Jewish Committee and discussed the strategic relations between the two nations and their role in underpinning the pillars of peace and stability in the region.
The meeting covered the Abraham Accords Peace Agreement and its key role in forging sustainable solutions conducive to strengthening peace and stability in the region.
Sheikh Abdullah also met with the US National Security Advisor Jake Sullivan and discussed with him the efforts made by the two nations to help establish peace and stability in the region.
He also met with the Foreign Minister of Greece Nikos Dendias and discussed a number of issues of interest, including the situation in the eastern Mediterranean and commended the growth of the UAE- Greece strategic relations.