Small steps to big success
Bilateral relations between the two nations have vast and wide potential, but business opportunity has to matched with market information.
Enough cannot be said about the many, multiple, and magnificent business opportunities that arise from the new relations between UAE and Israel. Success is a surety for Israeli-UAE business partnerships in sectors as diverse as solar energy and agri-tech, health care and cyber-security, but where should first steps begin?
The freedom to do business in the UAE is best represented by its nearly 50 free zones. For many individuals, investors, small start-ups and giant corporations from around the world, setting up a company, a business partnership, or a trade license in the UAE starts at a free zone.
Aided by professional advice, market expertise. and hands-on assistance, Israel-UAE relations can reach truly unimaginable heights.
Here is a quick guide to potential Israeli opportunities in the UAE – matched by the promise of ideal free zones.
Home to a broad collection of start-ups, small firms and giant companies, Masdar City Free Zone is a thriving business community at one of the world’s most sustainable urban developments, with almost 350 licensing segments under oil and gas, energy, technology and sustainability. Masdar is strategically located between Abu Dhabi and Dubai.
Dubai Science Park serves the entire value chain of the science and life sciences sectors – professionals, entrepreneurs and enterprises – with offices, laboratories and research facilities. DSP also attracts many clean energy and environmental technology companies.
Sharjah has open door policies and simple incorporation processes for international investors. Highly diversified through manufacturing, production and services, it is one of the most dynamic and sustainable economies in the Middle East. Sharjah is also the only emirate with seaports on the East and West coasts.
As a result of these strategic advantages, more than 54,000 small and medium enterprises (SMEs) are based in Sharjah’s 6 successful free zones, alongside much larger firms.
In Abu Dhabi, the Khalifa Port Free Trade Zone is billed as a ‘next-generation platform’ for trade, logistics and manufacturing.
In Ras Al Khaimah, the RAKEZ free zone is divided into specialised zones, catering specifically to trading, logistics, manufacturing, consultancy services and industrial projects.
Sharjah’s Hamriyah Free Zone offers investors access to 3 seaports, a 14 metre deep water port, and 12 square kilometres of prime industrial and commercial land.
Dubai Logistics City is positioned to serve a wide range of transportation, logistics, and value-added operations while Dubai Aviation City will host light aviation manufacturing and associated industries.
Israel’s reputation as ‘start-up nation’ and UAE’s as ‘scale-up nation’ is an aptly matched combination for many UAE-Israel business partnerships.
The UAE’s twin focus on pursuing innovation and attracting high tech companies is visible through various innovation and technology funds. Many UAE free zones, especially Dubai Silicon Oasis and Dubai Internet City, provide full start-up ecosystems with regulatory sandboxes and incubation centres.
The Dubai Multi Commodities Centre offers unique business opportunities in a wide range of metals and commodities industries, with superior facilities like the Dubai Diamond Exchange and the Dubai Gold and Commodities Exchange, and trading facilities for several commodities. DMCC also links together key international players with support structures including finance, logistics and insurance.
Post pandemic, business travel between Israel and UAE will increase, and collectively improve reach to a wider market audience. Likewise, Dubai’s stature as a global tourist hub and the country’s status as a bridge between East and West will open new business opportunities for UAE and Israel.
Dubai Airport Free Zone is an ideal location for high-tech and IT products, light industry, and activities related to the aviation industry. A new free zone, IFZA Dubai provides investors and businesses the platforms and infrastructure necessary for success, along with a knowledge hub for the exchange of skills and expertise.
Note: This list is only indicative and not exhaustive
In practical terms, the ability for Israeli individuals and institutions to establish a presence in the UAE, or team up with counterparts on joint ventures, is a boon for both sets of partners.
While Israeli firms can easily expand into the Gulf region, Emirati entities can extend their own networks. Collaboration is the key. Innovation is the engine.
Properly structured arrangements in a carefully chosen free zone is a winning route-to-market that has been adopted by international investors for many years. It will prove equally successful for all Israel-UAE business partnerships.
Our teams have been helping entrepreneurs start their journey (professional and commercial licenses). We also help enterprises establish or expand their operations (free zone company/establishment, branch of foreign/UAE company, regional headquarters, limited liability company/partnership).
From identifying the right license and location, creating value propositions, processing paperwork, and complying with rules and regulations, we are happy to serve – and deliver high satisfaction.