“The time is ripe for forward-looking Israeli start-ups to seek new markets for vertical growth, exports, and expansion. Since signing the historic Abraham Accords in 2020, we have seen a dramatic increase in bilateral trade between Israel and the United Arab Emirates. We expect this new era of cooperation to see trade soaring to US$10 billion by 2027. Dubai has a powerful reputation as a laissez-faire market, welcoming start-ups with a host of attractive offers, from easy set-up, 100% foreign ownership, low-cost visas, and a favorable tax regime to government-backed business support and networking facilities.
“The UAE bucks volatile international trends in terms of economic performance and outlook. At the time of writing, the UAE’s GDP is expected to record around 6% growth in 2022, up from 3.8% in 2021, according to the International Monetary Fund. Furthermore, the UAE is ranked first in the region for ‘starting a business’ by the World Bank’s Ease of Doing Business 2020, and 16th globally. More than 35% of MENA [Middle East and North Africa] start-ups are based in the UAE, taking advantage of the robust economic growth climate.”
— Hassan Al Hashemi, vice president International Relations, Dubai Chambers| The Jerusalem Post
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