Bilateral trade between Israel and the United Arab Emirates could realistically reach as high as $ 6.5 billion in several years, making the UAE one of Israel’s largest trading partners, Samir Chaturvedi, President Khalifa Abu Dhabi Business Zone (KIZAD), at the UAE-Israel Peace Round and Prosperity Roundtable, presented by Amannan Khaleej and Post Jerusalem“I think that’s a reasonable goal, not too optimistic,” Chaturvedi said in a fireside conversation on a bilateral trade boost. “Our two economies are similar in size, population and innovation.” David Leffler, chief executive of the Ministry of Economy, agreed. “Both economies are based on exports, and there are many reasons to be optimistic,” he said. “For example, the UAE earns around $ 58b. of precious stones and metals each year, with Israel bringing in $ 12b. That can come out of there. So, Leffler said, after all the official peace ceremonies, the next step for the business communities of the countries is to get to know each other. In a speech on preparing for a decade of economic transformation, Hamad Buamim, CEO of Dubai Chamber of Commerce & Industry, hoped that normalization between the two countries would open up new opportunities in the post-pandemic world. The year was “2020 was a very difficult year, and everyone is looking for new markets to support the economic recovery,” he said. agriculture, food security and pharmaceutical equipment as mature areas for new channels of co-operation A joint project with the Israeli Chamber of Commerce will also help design other opportunities for co-operation by educating both sides and enabling co-operation In a panel on cooperation opportunities, Khalid Al Marzooqi, commercial director of KIZAD, noted that business “free zones” in Abu Dhabi offer an environment under that will help create environments that are conducive to the ease of doing business.Dr Ibtesam Al Bastaki, director of the Dubai Health Authority’s Public-Private Partnership Division , notes that the Dubai government is encouraging public-private partnerships on many projects that allow it to share the risks with investors, and bring potentially beneficial results to specific investors. Nir Hollander, Country Manager of Israel, Cyprus and Greece for the cloud computing company Nutanix, noted that Israel and the UAE have a lot to learn from each other. “Israel, the Start-Nation Nation, is said to be the largest start-up in the world outside of Silicon Valley, and the Emirati association is known to be very innovative. The challenge is to build infrastructures that will support future collaboration and trust for a long time.