Abraham Accords: 3 Years of Transformed Middle East Region

 

Three years after the signing of the Abraham Accords, which normalized diplomatic relations among Israel, the UAE, and Bahrain. Following suit, Morocco and Sudan subsequently embarked on a similar path.

The normalization agreement — inked on September 15, 2020, brokered by then US President Donald Trump-continues to benefit trade, partnerships, and economies across the Middle East.

“We see the impact of the Abraham Accords every day — whether it is in business collaborations, investments, soaring tourism numbers, increased trade, the exchange of ideas, and strong people-to-people ties,” Eitan Na’eh, Israel’s Ambassador to Bahrain emphasized.

Executive Chairman and CEO of Dubai Multi Commodities Center (DMCC) Ahmed Bin Sulayem said that the Abraham Accords have paved the way for more Israelis to work, live, and do business in the UAE.

“As we celebrate the third anniversary of the Abraham Accords, Dubai is fast becoming the next big global hub for Israelis to do business. This is reflected in the soaring numbers of Israeli companies setting up their businesses in Dubai and we see the impact every day in DMCC where there has been a 42 percent increase in new Israeli members since the beginning of this year,” Mr Sulayem said.

Bilateral trade between the UAE and Israel still reached more $2.5 billion in 2022.