In yet another first in Israeli-Arab relations since the Abraham Accords were signed on Sept. 15, some 200 Israeli companies are taking in the GITEX Technology Week in Dubai – the third-largest tech event in the world and the only one to be held live in 2020.
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The majority of international events in the business world have been canceled or replaced with virtual symposiums over the coronavirus pandemic.
As part of GITEX Technology Week, two UAE ministers will meet the heads of the Israeli delegation, and several prominent figures from both countries will hold private meetings as well.
Another Israel-UAE conference is being held against the backdrop of GITEX Technology Week. Titled, "Beyond Business," the symposiums is sponsored by the Israel Export Institute and Bank Hapoalim. Some 400 Israeli businesspeople are taking part in the symposium. Globes reported.
The GITEX expo drew over 70,000 people in 2019. This year, participation was slashed by half over the coronavirus, but the conference remains one of the largest in the world, featuring hundreds of exhibitors from the Gulf, South America, Europe and Asia.
The Israeli pavilions are said to have garnered extensive interest, as many potential business partners and clients were exposed to the Israeli offerings for the first time.
Export Institute Chairman Adiv Baruch said that the Abraham Accords had brought about swift economic breakthroughs: "This is a historic moment for us. This is the first time an Israeli delegation is taking part in such an event in the UAE and the fact that 200 Israeli companies are participating gives me great hope about what we can achieve together in the future."
He further estimated that the business opportunities presenting themselves for Israeli companies during GITEX Technology Week could potentially translate into $1 billion in trade.
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