Ras Al Khaimah Economic Zone (RAKEZ) has partnered with the Manufacturers’ Association of Israel (MAI) which will create investment and expansion opportunities for industrial companies in UAE and Israel to boost industrial activities and support business communities in both countries.
The agreement towards this partnership was signed by Chief Government and Corporate Relations Officer of RAKEZ, Yaser Abdulla Al Ahmed, and Deputy CEO of MAI, Adv. Hagai Edri.
Both organisations will be welcoming business delegations and hosting B2B events such as seminars and workshops to keep industrialists updated and provide them with networking opportunities.
RAKEZ Group CEO, Ramy Jallad, said, “It is important that we take steps towards enhancing the level of cooperation between the UAE and Israel through economic exchange. We believe that our partnership with the Manufacturers’ Association of Israel will create new gateways for industrial players in both countries to expand their regional footprints.”
Adv. Hagai Edri, Deputy CEO of MAI
Adv. Hagai Edri, Deputy CEO of MAI said, “This partnership is an important step towards providing meaningful industrial cooperation opportunities for our members in the UAE. We see RAKEZ as a potential strategic partner that will allow Israeli industries to expand to other markets while maintaining their main industrial activity in Israel in a way that will benefit both organisations, their members and their respective economies.”
MAI is a century-old umbrella organisation for industrialists in Israel, particularly in sectors such as high-tech, textiles, fashion, chemical, pharmaceuticals, environment, food, metal, electrical, infrastructure, and consumer products. Currently, the organisation supports 1,800 members which are responsible for over 90% of the total industrial output in Israel.
