How Abraham Accords have already impacted the Mideast

Trade between Israel and the United Arab Emirates alone has reached nearly $600 million; it’s expected to reach $1 billion by the end of the year.

BY ISRAEL KASNETT, JNS

(August 13, 2021 / JNS) One year since the establishment of the Abraham Accords—agreed to by Israel and the United Arab Emirates on Aug. 13, 2020 and then officially signed on the White House lawn on Sept. 15—the Middle East is business as usual, but now greatly improved. The accords established normalized ties between Israel and the UAE, followed soon after by Muslim-majority countries of Bahrain, Sudan and Morocco.

There was no catastrophic backlash from extremists, as predicted by so-called experts, and the Palestinian issue is still somewhat on the regional backburner. And in the time since, trade between Israel and the UAE alone has reached nearly $600 million; it’s expected to reach $1 billion by the end of the year. For many observers, the accords are an example of leaders in the Middle East establishing a new reality based on peace and prosperity.

Asher Fredman, CEO of Gulf-Israel Green Ventures (GIGV), has invested his energies in bridging the greentech leadership in Israel with the robust development in Gulf countries to further sustainable development in the region. As the UAE and Bahrain are transitioning from traditional sources of greentech and cleantech, Fredman and GIGV are working to pair interested users with innovative technologies and expertise.

Fredman told JNS his goal is “to connect between the green tech and cleantech ecosystems because these are areas in which both countries are focused.”

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