UAE, India, Israel trade to hit $110 billion
Tapping into the mutual strengths of the UAE, India and Israel could propel the trilateral trade between the countries to a high of $110 billion by 2030, said top diplomats
An exclusive event of the International Federation of Indo-Israel Chambers of Commerce (IFIICC) was organised to discuss the ongoing business collaborations being pursued through IFIICC leadership across sectors by Kamal Vachani who was recently appointed the Hon. President for UAE of IFIICC.
The UAE, India economic ties are on solid growth track and marching ahead.
The bilateral trade between both countries is projected to grow from $60 billion in 2020 to $100 billion by 2030.
This was stated by Dr Ahmed Abdul Rahman AlBanna, Ambassador of the UAE to India and Founding Patron of the International Federation of Indo-Israel Chambers of Commerce (IFIICC), adding that the UAE is a gateway to the world and the trilateral with India and Israel could benefit the world.”
Ambassador Ilan Sztulman Starosta, Head of Mission Consulate of Israel to Dubai said: “The international business potential backed by Israeli innovation, UAE’s visionary leadership and strategic partnership of both nations with India could be $110 billion by 2030.”
Dr. Aman Puri, Consul General of India to Dubai said: ”The Indian business community in UAE could significantly leverage the strengths of this trilateral to boost economic growth of all nations.”
Merzi Sodawaterwala, Founder & Chairperson of IFIICC said “Innovation and collaboration can help usher in a new, post-pandemic era of sustainable economic growth.”
Kamal Vachani, Honorary President of IFIICC in UAE and Group Director & Partner of Al Maya Group said: “The innovation and economic prospects of this trilateral are endless.” Ran Tuttnauer, Honorary President of IFIICC in Israel and Chairman of Israeli Manufacturers Council at Manufacturers Association of Israel (MAI) said “International business through UAE in collaboration with India using Israeli Innovation will be the future.”