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UAE, India and Israel business potential may touch $110B by 2030, feel experts UAE-India-Israel
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UAE, India and Israel business potential may touch $110B by 2030, feel experts

India Blooms News Service | @indiablooms | 07 Apr 2021, 11:41 am

Dubai: Strategic partnerships between the UAE, India and Israel have the potential to touch $110 billion by 2030, top diplomats and business leaders feel.

An exclusive event of the International Federation of Indo-Israel Chambers of Commerce (IFIICC) was organised on Sunday to discuss the ongoing business collaborations being pursued through the IFIICC leadership across sectors by Kamal Vachani, who was recently appointed the honorary president for the UAE of the IFIICC, reports Khaleej Times.

Dr Ahmed Abdul Rahman AlBanna, Ambassador of the UAE to India and a founding patron of the IFIICC, told the newspaper: ”UAE and India bilateral trade is projected to grow from $60 billion in 2020 to $100 billion by 2030. The UAE is a gateway to the world and this trilateral with India and Israel could benefit the world.”

Ambassador Ilan Sztulman Starosta, Head of the Mission Consulate of Israel to Dubai, Khaleej Times: “The international business potential backed by Israeli innovation, the UAE’s visionary leadership and strategic partnership of both nations with India could be $110 billion by 2030.”

Dr Aman Puri, Consul-General of India to Dubai, told the newspaper: "The Indian business community in the UAE could significantly leverage the strengths of this trilateral to boost economic growth of all nations.”

Merzi Sodawaterwala, founder and chairperson of the IFIICC,  said the path of innovation and collaboration can help usher in a new, post-pandemic era of sustainable economic growth.