Will the peace agreement with the United Arab Emirates bring Israel new business opportunities? Eighty-two percent of company directors in Israel think the deal will have a positive effect on their business affairs, according to a recent survey by CofaceBdi that polled 230 heads of companies.
Over 80% of respondents from the high-tech, industrial, and trade sectors think that the peace agreement will have a positive effect, compared to 60% of respondents from the construction sector.
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Two-third of respondents from the high-tech sector (67%) said that they were already actively looking into business opportunities in the UAE, and 57% of respondents in the trade sector said they intended to fly to the UAE within a year to probe possibilities of doing business there.
Meanwhile, 22% of respondents said they already had business dealings in the UAE, directly or through third parties.
The survey showed that the areas of most interest to Israeli companies were agriculture and industry. Other key business sectors of interest included real estate and infrastructure and high-tech. However, only 2% of respondents expressed interest in finance dealings.
When asked if they would consider holding conference or company vacations in the UAE, 26% of respondents said they would, with 24% saying they would not, and 50% saying it was too early to know if they would or would not.
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Ofer Petersburg is scheduled to be part of a business delegation to the UAE at the end of this year.
