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By 2030, combined business potential of the UAE, India, and Israel's is expected to reach $110 billion

Princess Tarfa

According to top diplomats and business leaders, strategic alliances between the UAE, India, and Israel are on track to hit $110 billion by 2030, thanks to the creativity and visionary leadership.

On Sunday, the International Federation of Indo-Israel Chambers of Commerce (IFIICC) organized an exclusive event to discuss the ongoing business partnerships being undertaken by the IFIICC leadership across sectors, headed by Kamal Vachani, who was recently appointed as the IFIICC's honorary president for the UAE.

”UAE-India bilateral trade is expected to rise from $60 billion in 2020 to $100 billion by 2030,” said Dr. Ahmed Abdul Rahman AlBanna, UAE Ambassador to India and a founding member of the IFIICC. The United Arab Emirates is a global gateway, and this trilateral with India and Israel could help the entire world.”

“The foreign market opportunity backed by Israeli creativity, the UAE's visionary leadership, and strategic partnership of both nations with India could be $110 billion by 2030,” said Ambassador Ilan Sztulman Starosta, Head of the Israeli Mission Consulate in Dubai.

”The Indian business community in the UAE could significantly exploit the strengths of this trilateral to improve the economic growth of all nations,” said Dr. Aman Puri, India's Consul-General in Dubai.

“Innovation and partnership will help us usher in a modern, post-pandemic age of sustained economic development,” said Merzi Sodawaterwala, founder and chairperson of the IFIICC.

“The creativity and economic prospects of this trilateral are endless,” Vachani, who is also group director and partner of Al Maya Group, added.

“The international business via the UAE in partnership with India using Israeli innovation will be the future,” said Ran Tuttnauer, honorary president of the IFIICC in Israel and member of the Israeli Manufacturers Council at the Manufacturers Association of Israel.

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