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


elGrocer, the grocery delivery app with ties to some of the major 

Continue Reading

October 25, 2020 | By RetailME Bureau

Jones the Grocer set to open its doors at Dubai’s newly launched 

Continue Reading

October 18, 2020 | By RetailME Bureau

Saudi-based operators of hypermarkets and supermarkets BinDawood Holding Company has completed the 

Continue Reading

October 16, 2020 | By RetailME Bureau

The regional food and grocery delivery app Talabat has announced the expansion 

Continue Reading

October 15, 2020 | By RetailME Bureau

Walmart is hiring 10,000 new employees in Canada for positions in stores 

Continue Reading

October 14, 2020 | By RetailME Bureau

British quality grocery retailer Waitrose & Partners launched its first e-commerce platform 

Continue Reading

October 11, 2020 | By RetailME Bureau

Saudi Arabia-based operator of hypermarkets and supermarkets BinDawood Holding has priced its 

Continue Reading

October 7, 2020 | By RetailME Bureau
Miguel Angel Povedano, chief commercial officer of Majid Al Futtaim – Retail

Majid Al Futtaim announces the launch of a customer insight platform, powered 

Continue Reading

October 7, 2020 | By RetailME Bureau
New Choithrams store opens at Emerald Court, Al Barsha

A new Choithrams store opens at Emerald Court, Al Barsha in Dubai 

Continue Reading

October 5, 2020 | By RetailME Bureau
Asda has new owners

Asda has new owners, as The Issa brothers and TDR Capital are 

Continue Reading

October 5, 2020 | By RetailME Bureau
Spinneys sees “dramatic changes” in shopping patterns

UAE-based supermarket chain Spinneys sees “dramatic changes” in shopping patterns since the 

Continue Reading

October 4, 2020 | By Rupkatha B
Food Crowd is now delivering from farm to home

A new platform in the UAE, Food Crowd is now delivering from 

Continue Reading

October 1, 2020 | By RetailME Bureau

Download Images RetailME Magazine