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The UAE’s Minister of State for Entrepreneurship and SMEs said small and medium-sized enterprises will benefit from the move to normalise relations with Israel, helping to increase their contribution to the UAE’s economy.
Ahmad Belhoul Al Falasi told a webinar organised by Google this week that he also expects more Israeli start-ups to set up in the UAE.
“The implementation of a slew of measures and initiatives at both federal and local levels is further enhancing the openness of the UAE economy … presenting a golden opportunity for the Israeli business community to take advantage of the numerous economic prospects that are being generated,” he said.