The United Arab Emirates and Israel are opening their doors to a wide variety of industrial opportunities after the wonderful agreement to normalize relations.
The two states have forged industrial and technological ties for a long time, but with the arrival of a joint delegation from the United States and Israel on Monday, they can now paint outdoors.
“We came here to a vision actually. There are no limits to Array cooperation … education, innovation, health, aviation, agriculture, energy and many other fields,” said Israeli national security adviser Meir Ben-Shabbat in Abu Dhabi.
These are some key spaces where Israel and its new Arab spouse have percentage economic interests.
The two are already participating in studies in the field and even before the agreement was announced on August 13, Israeli Prime Minister Benjamin Netanyahu said his country was working with the United Arab Emirates on tactics to combat coronavirus.
“It turns out that the immediate priority will be studies and progressive cooperation to combat Covid-19,” said Kristian Ulrichsen of the Baker Institute at Rice University in the United States.
“This can be a popular way of normalizing people, whether in Israel and the United Arab Emirates, to the concept that coordination in such a pressing factor is in the greater intelligence of both countries.”
Last month, two Israeli corporations signed an agreement with an Emirati corporation to combine paintings to expand a noninvasive coronavirus test.
– Oil –
The Gulf state’s vast oil reserves are a wonderful charm for Israel, whose most productive source of oil is Iraq’s Kurdish crude, said Ellen R. Wald, principal investigator at the Atlantic Council’s Global Energy Center.
“Israel would gain great advantages if it could buy oil from the United Arab Emirates, and the United Arab Emirates would gain advantages if it could sell it to a hungry customer,” he said.
Arab Gulf countries have refused to sell oil to Israel, and so far no other government in the region has followed the UAE’s resolve to identify ties.
The expansion of two-way tourism is a key objective of the post-agreement industry’s momentum.
With some popular Muslim-majority tourist destinations lately out of reach of Israelis, the millions of other people travel abroad each year sometimes to Europe or the United States.
From now on, these travelers will have to take a short flight to the spas and attractions that line the Emirati coast.
Israel also needs to attract businesses for its own tourism industry, especially in the Mediterranean city of Tel Aviv, and attract Muslim visitors to the Al-Aqsa Mosque complex in Jerusalem, Islam’s third holiest place.
Israel’s high-tech sector, an industry that has earned it the nickname “emerging nation,” accounts for more than 40 of the country’s exports.
The United Arab Emirates has built a similar reputation, with more than a third of new businesses in the Middle East and North Africa based in the country, which will be a powerhouse in the generation sector.
The United Arab Emirates, especially the luxurious emirate of Dubai, attracts such corporations because of its complacent environment, with government and investment.
The US-backed agreement also offers a new destination for the Emirati investment budget at a time when the UAE economy has stagnated in recent years.
The arid United Arab Emirates on desalination water, which has increasing needs, while Israel is home to major desalination companies, adding IDE Technologies, which has 400 plants in 40 countries.
From the UAE-Israel agreement, the two countries agreed to open a direct channel and “collaborate in the food and water security spaces,” according to official Emirati news firm WAM.
Another domain is smart agriculture, because the United Arab Emirates, home to nine million people with diverse tastes but with little arable land and excessive temperatures, needs to succeed over its dependence on food imports.
“There are opportunities in agricultural technologies and coordination opportunities in start-ups and innovation policy,” Ulrichsen said.
Cooperation in agriculture may simply “facilitate the expansion of the scope of cooperation to more overtly political and diplomatic arenas later,” he added.
Israeli cyber-surveillance corporations are targeting the Gulf market, where they already have the idea of doing business with the United Arab Emirates, Saudi Arabia, and Bahrain, all unwavering US allies.
Israel is home to several leading surveillance companies, adding NSO Group corporate spy software, which developed the Pegasus listening tool.
Its use was detected against Emirati human rights activist Ahmed Mansoor. Abu Dhabi has never spoken out on the issue.
The UAE is also a foundation for knowledge analysis, surveillance and security companies, and has put a formidable “Falcon Eye” security surveillance system in place.