The Dubai Airport Free Zone Authority (DAFZA) has signed a memorandum of understanding with the Federation of Israeli Chambers of Commerce (FICC), Dubai Media Office said on Friday.
The agreement aims to support Israeli companies in establishing business in Dubai, part of the United Arab Emirates.
Through the memorandum, DAFZA will promote the emirate of Dubai as a global trade center, read a statement carried by the state news agency WAM.
A stimulating business environment for Israeli companies, to introduce them to the nature of business and investment opportunities that they can benefit from through several joint initiatives that will be organized in cooperation with the FICC, which serves as roof organization to over 5,000 businesses and organizations operating in more than 120 divisions.
DAFZA will provide the companies of the FICC with incentive offers to establish businesses and integrated services in this context, by supporting startups, in addition to e-commerce companies that will benefit from the free zone specialized in e-commerce "Dubai Commercity.”
The two parties will exchange 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.