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“Any company can set up business here,” says Chairman of Emirati Entrepreneur Association

Speaking at Calcalist and Bank Leumi’s "Economic Opportunities in the UAE" online conference, Sanad El Meqbaly tells Sophie Shulman what the UAE is looking for in an Israeli business partner.

James Spiro | 15:09  04.11.2020

Chairman of the Emirati Entrepreneur Association Sanad El Meqbaly joined Calcalist this week to discuss the normalization ties between the UAE and Israel. Speaking with Calcalist’s Sophie Shulman, he revealed that discussions for future partnerships are already well underway.

“We are open to small and medium businesses, but also large companies,” Meqbaly said. “Any company can come set up here. I already see Israeli companies in innovation, real estate, oil and gas... I think those sectors will be a big success.”

Since the normalization ties were officially finalized in the Abraham Accords, businesses in both the UAE and Israel have been eagerly establishing relationships for future collaborations. Meqbaly shared that he is already speaking with two different Israeli companies in the cyber and technology space, although he did not reveal which ones.

The Emirati Entrepreneur Association supports entrepreneurs in the UAE. Its goal is to support entrepreneurs, raise awareness for them, and elevate their voice in the business and economy space.

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