Dubai conglomerate Al Habtoor Group is to open a representative office in Israel, it said on Sunday.
The United Arab Emirates and Israel last week agreed to establish bilateral diplomatic and trade ties, which officials have said would create significant economic opportunities.
The family-owned conglomerate portfolio covers the hospitality, construction, education and automotive sectors.
"We are preparing to reveal a few collaborations in the coming days," the head of Habtoor Group, Khalaf Ahmad al-Habtoor, said in a statement.
"I have been looking forward to this day for a very long time," al-Habtoor said as he met in Dubai with Shlomi Fogel, chairman of Israeli Ampa Group.
"I have always believed that Emiratis and Israelis have a lot in common,” he added.