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ABU DHABI / WAM
Abu Dhabi Ports and the Manufacturers Association of Israel (MAI) on Wednesday signed an agreement to enhance trade, investment and technology cooperation between the UAE and Israel, in the presence of Falah Mohamed Al Ahbabi, Member of the Abu Dhabi Executive Council and Chairman of Abu Dhabi Ports.
The Memorandum of Understanding opens a dialogue between Abu Dhabi Ports’ subsidiaries Kizad and ZonesCorp, which are under its Industrial Cities and Free Zone portfolio, and MAI to contribute to the reciprocal expansion of trade, investment, and technological development, as well as improve research and development, R&D, innovation and cooperation in technology.
Abu Dhabi Ports, part of ADQ —one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, will also hold a webinar later this month for members of the MAI, to apprise them of the opportunities available in the emirate and specifically within the Industrial Cities and Free Zone.
The Manufacturers Association of Israel is the representative body of the country’s industrial sectors including private, public, kibbutz and government industries.