The event was held jointly with Start-Up Nation Central, a non-profit organization that closely follows the Israeli tech ecosystem, and the Israeli Ministry of Economy. About 200 people attended the summit, among them members of a state-sponsored business delegation from the UAE led by Emirati Minister of State for Entrepreneurship and SMEs (small- and medium-sized enterprises) Ahmed Belhoul Al Falasi and Minister of State for Foreign Trade Thani Al Zeyoudi.
The business forum was initiated by UAE Ambassador to Israel Mohamed Al Khaja earlier this year as the new envoy sought to foster collaboration on innovation and entrepreneurship ventures between the two countries.
Israel’s Minister of Economy and Industry Orna Barbivai said the UAE delegation’s arrival in Israel this week “enables us to expose the visiting Emirati industry and business leaders to Israel’s wealth of innovation, technology, entrepreneurship, and research.”
On Wednesday, Israel’s Consul-General in Dubai Ilan Sztulman Starosta said that trade between Israel and the UAE reached about $700 million since the Abraham Accords were signed. The countries have bilateral agreements in such areas as food, agriculture, healthcare, aviation, water and energy.
