ADP Signs Israel Trade Agreement
Abu Dhabi Ports (ADP) and the Manufacturers Association of Israel (MAI) have signed a milestone agreement to enhance trade, investment and technology cooperation between the United Arab Emirates and Israel, in the presence of His Excellency Falah Mohamed Al Ahbabi, Member of the Abu Dhabi Executive Council and Chairman of Abu Dhabi Ports. The Memorandum of Understanding (MoU) opens up a dialogue between Abu Dhabi Ports’ subsidiaries KIZAD and ZonesCorp, which fall under its Industrial Cities and Free Zone portfolio, and MAI with a brief to contribute to the reciprocal expansion of trade, investment, and technological development.
The MoU was signed by Captain Mohamed Juma Al Shamisi, Group CEO, Abu Dhabi Ports and Dr. Ron Tomer, President of the Manufacturers Association of Israel at KIZAD. This is the first agreement signed by Abu Dhabi Ports with an Israeli trade organisation since the ratification of the peace agreement between the UAE and Israel this September. According to ADP it provides a “clear, effective, and efficient framework for industrial cooperation, knowledge transfer and trade facilitation.”