Globes points out:
Israel’s normalization agreement with the United Arab Emirates (UAE) will give Israeli business an official, stable bridge to the entire Arab world, particularly the other Gulf states, with Saudi Arabia, which was in on the secret all along the way, at their head. The opportunities that have been opened up in the Arab markets for Israeli firms are huge, and could dramatically boost Israel’s exports, to the UAE, and via them to other Arab countries.
A prominent businessperson, formerly a senior officer in the security forces, told “Globes” that although there were substantial ties with the UAE beforehand, this agreement puts everything above board, and lends legitimacy to buying from Israel for companies and governments throughout the Arab world, through UAE intermediaries. In one way or another, this happened before, but now “the sky is the limit”.
A source in Saudi Arabia told “Globes” that the Arab world had a great deal to gain from Israel. This is a breakthrough. The Palestinian issue has not gone away and will continue to be an obstacle to some degree, but the road is open.
Existing ties were mostly beneath the surface, and came to light here and there, such as the collaboration of Rafael Advanced Defense Systems Ltd. and Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) (IAI) with Group 42 in the UAE, medical technology companies working on solutions to the coronavirus pandemic. This agreement was reported two months ago.
The new normalization agreement will bring to light a wide range of economic and technological collaborations that has existed for years.
This is a huge blow for BDS – and they are reacting with hysteria..
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