DAFZA signs an MOU with Federal Israeli Chamber of Commerce

September 27, 2020 | By RetailME Bureau

The Dubai Airport Free Zone Authority (DAFZA) signs an MoU with Federal Israeli Chamber of Commerce (FICC) to define frameworks for bilateral cooperation. The MoU will encourage and support Israeli companies to establish their businesses and take advantage of commercial and investment opportunities and incentives in the UAE.

Through the memorandum of understanding, DAFZA will promote Dubai as a global trade centre. A stimulating business environment for Israeli companies, DAFZA will introduce them to the nature of business and investment opportunities that they can benefit from through several joint initiatives that will be organised in cooperation with the FICC, which serves as roof organisation to over 5,000 businesses and organisations operating in more than 120 divisions. DAFZA is an ideal location for business growth at the regional level and in Dubai as a platform to enable Israeli companies to expand and reach the Asian and Middle Eastern markets through the air logistics port of Dubai International Airport.

DAFZA will provide the companies of the Federation of Israeli Chambers of Commerce with incentive offers to establish businesses and integrated services in this context, by supporting start-ups, while online businesses will benefit from the free zone specialised in e-commerce called Dubai Commercity, which will enable them to gain access to the different e-commerce system in the emirate with competitive incentives agreed upon by both sides.

Also, the two parties will cooperate in the field of exchanging information and experiences to achieve common goals, in a way that contributes to introducing the companies of the two countries to the vital business environment for establishing and developing their business, in addition to promoting the services and facilities provided by DAFZA and FICC.

As DAFZA signs an MOU with Federal Israeli Chamber of Commerce, Mohammed Al Zarooni, director general of DAFZA, affirmed that this agreement reinforces the commitment of DAFZA as a vital tributary to the growth of the economy of the UAE in general and the Emirate of Dubai in particular, given its position as a global destination for business growth and prosperity and a vital engine for the economy of Dubai. The MoU is in line with the strategic objectives of Dubai aimed at enhancing the contribution of non-oil sectors to the emirate’s GDP.

“DAFZA enjoys a strategic location that makes it a gateway to Asian markets, as it will redirect trade movement smoothly, faster and more efficiently to those markets through the emirate of Dubai, which provides important commercial opportunities for Israeli companies,” he added.

“The signing of the MoU with DAFZA is an event that will go down in history as an example of what can be achieved in our world if two countries are bent on creating more prosperity for their people. It will be a mutually advantageous for Dubai and the Israeli business community, as more business will utilise the developed facilities and services in DAFZA, and create a bridgehead for Israeli business for enhancing its foreign trade in products and services. The message of peace will take a form of working together for the people of both countries,” stated Uriel Lynn, president of the Israeli Federation Israeli Chambers of Commerce.

This cooperation between both parties will enhance the process of supporting the business of many major targeted industries, such as logistics, technology and electronics, in addition to the precious stones and metals industry, agricultural industry, pharmaceutical and medical equipment industries, as well as research and development.


For all the latest retail news from the Middle East, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page.



Previous Article Next Article



Lulu Group partners with Amazon expanding grocery offerings to online customers in the UAE

Abu Dhabi based grocery retail chain Lulu Group has partnered with Amazon 

Continue Reading

November 24, 2022 | By RetailME Bureau
Food Tech Valley partners with Tradeling to boost UAE’s food ecosystem

UAE-government-led initiative Food Tech Valley – announced in 2021 by His Highness 

Continue Reading

November 17, 2022 | By RetailME Bureau
Lulu Hypermarket to open in The Dubai Mall in 2023

Abu Dhabi-based supermarket chain Lulu Hypermarket is all set to open in 

Continue Reading

November 10, 2022 | By Rupkatha B
Beyond Meat’s Q3 2022 results “disappointing”

Plant-based meat brand Beyond Meat’s financial results for the third quarter of 

Continue Reading

November 10, 2022 | By RetailME Bureau
Barakat unveils new biodegradable packaging

UAE’s fresh produce brand Barakat has launched bio-degradable packaging across its entire 

Continue Reading

October 27, 2022 | By RetailME Bureau
Pure Harvest CEO Sky Kurtz

UAE-based agritech start-up Pure Harvest Smart Farms has signed a Memorandum of 

Continue Reading

October 27, 2022 | By RetailME Bureau
Carrefour signed up as anchor tenant for Midtown Project

Carrefour, owned and operated by Majid Al Futtaim – Retail in the 

Continue Reading

October 27, 2022 | By RetailME Bureau
Grandiose Supermarket announces country-wide expansion plans

Grandiose Supermarket, part of Ghassan Aboud Group, has announced expansion plan in 

Continue Reading

October 26, 2022 | By Rupkatha B
100 years of Valrhona

The Valrhona journey began 100 years ago with a cocoa bean. Since 

Continue Reading

October 24, 2022 | By Justina Eitzinger
On-demand grocery delivery in 15 mins

Deliveroo UAE has announced the expansion of its rapid grocery delivery service 

Continue Reading

October 24, 2022 | By RetailME Bureau
Mariam bint Mohammed Almheiri, Minister of Climate Change and Environment

The Ministry of Climate Change and Environment (MOCCAE) revealed that the UAE 

Continue Reading

October 17, 2022 | By RetailME Bureau

Abu Dhabi-based leading supermarket chain Lulu Group has appointed investment bankers Moelis 

Continue Reading

October 13, 2022 | By RetailME Bureau

Download Images RetailME Magazine