1. Opportunities and Challenges for Israel-UAE Economic Cooperation
- Author:
- Katie Wachsberger
- Publication Date:
- 01-2021
- Content Type:
- Policy Brief
- Institution:
- Mitvim: The Israeli Institute for Regional Foreign Policies
- Abstract:
- Israeli-Emirati economic ties have been developing continuously since the 1990s, setting the stage for the recent Abraham Accords and the partnerships that have begun to flourish as a result. Since the signing of the Accords and the abolishment of the United Arab Emirates (UAE) boycott laws against Israel, many opportunities have presented themselves for both countries to benefit from the new trade partnership, in realms such as investment, tourism, real estate, and education. However, there are many cultural, structural, and political challenges that remain. This paper delineates the economic relationship as it existed before the signing of the Accords in terms of private sector security collaboration, technological partnerships, and the export of various goods, noting the opportunities that present themselves with the establishment of direct and legal ties. It then explores the various obstacles that have proven themselves problematic thus far, and goes on to investigate challenges that Israeli businesses will face when attempting to scale regionally, especially in light of the ongoing Israeli-Palestinian conflict.
- Topic:
- Regional Cooperation, Bilateral Relations, Trade, and Economic Cooperation
- Political Geography:
- Middle East, Israel, Palestine, and UAE