UAE, Israel strike MoU to boost tourism & economic collaboration

By Amirtha P S, Desk Reporter
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UAE - Israel
Dignitaries from UAE & Israel signs the MoU.

The UAE has signed a Memorandum of Understanding (MoU) with Israel to boost the tourism and economic cooperation between the two countries and reinforce their bilateral ties.

The MoU was signed by Dr. Ahmed Belhoul Al Falasi, Minister of State of Entrepreneurship and SMEs and Chairman of the Emirates Tourism Council, and Mr. Yoel Razvozov, Israeli Minister of Tourism.

Commenting on the MoU, Dr. Al Falasi said the signing took place under the framework of the Abraham Accords between the two countries and the efforts to boost economic cooperation and create partnerships.

The UAE has become a major global and regional center and tourism destination as envisaged by its leadership. The country has successfully developed its tourism services and products to offer all types of tourism experiences, including business tourism, shopping tourism, conference tourism and adventure tourism.

Mr. Razvozov remarked that the MoU is a historic moment in Israel-Emirati relations and called on all the GCC countries to follow the UAE, strengthen their ties with Israel.

Under the MoU, both sides will implement policies to encourage and advance the tourism sectors of the two countries, boost the cooperation between their tourism organizations in the public and private sectors, and facilitate the exchange of tourism and travel information, including planned tourism events.

Further, the two countries will boost their technical cooperation in tourism education, vocational training, marketing and promotional activities, encourage participation in tourism events and exhibitions, especially the private sector, and hold joint regional events for travel agents and other tourism professionals.

The relations between the UAE and Israel have witnessed significant development since the signing of the Abraham Accords in September 2020. As per the latest figures, the trade between the two countries grew to $700 million within one year of signing the accord.

Related: Dubai to cement its position as global trade hub with new ‘3-year strategy’


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