Innovation and International Business Potential of UAE-Israel-India Pegged at USD 110 Billion by 2030

United Arab Emirates -  April 05, 2021:  An exclusive event of the International Federation of Indo-Israel Chambers of Commerce (IFIICC) was organized today to discuss the ongoing business collaborations being pursued through IFIICC leadership across sectors by Mr. Kamal Vachani who was recently appointed the Hon. President for UAE of IFIICC. 

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

Dr Ahmed Abdul Rahman AlBanna, Ambassador of the UAE to India and Founding Patron of IFIICC, said, ”UAE and India bilateral trade is projected to grow from USD 60 billion in 2020  to USD 100 billion by 2030. UAE is a gateway to the world and this trilateral with India and Israel could benefit the world.”

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

Merzi Sodawaterwala, Founder & Chairperson of IFIICC said “Innovation and collaboration can help usher in a new, post-pandemic era of sustainable economic growth.”

Kamal Vachani, Honorary President of IFIICC in UAE and Group Director & Partner of Al Maya Group said “The innovation and economic prospects of this trilateral are endless.”

Ran Tuttnauer, Honorary President of IFIICC in Israel and Chairman of Israeli Manufacturers Council at Manufacturers Association of Israel (MAI) said “International business through UAE in collaboration with India using Israeli Innovation will be the future.”