Exploring Opportunities of Israel-GCC Normalization
On January 25-29, Wikistrat experts explored scenarios for how relations between the Gulf states and Israel will evolve in the case of a peace deal between Saudi Arabia and Israel, focusing on the business opportunities posed by this new relationship
About the simulation
Over the past few months, Israel-Gulf relations have become increasingly closer and more open. While Israel has maintained covert relations with some Gulf States for more than two decades, the normalization of relations with Israel by the United Arab Emirates and Bahrain at an official ceremony in Washington on September 15, 2020, where the Abraham Accords were signed, marked a new era in Israel-GCC relations. Since then, ties between the United Arab Emirates, Bahrain, and Israel have grown even closer, and discussions on which other Arab Gulf states will normalize relations with Israel have abounded.
This new era holds enormous opportunities for mutual cooperation between the Gulf countries and Israel. The potential for cooperation on different domains and joint economic development has already led to Emirati-Israeli investment conferences and visits by Israeli businessmen and entrepreneurs to Dubai, as well as talk of visits by Emirati and Bahraini officials to Tel Aviv.
In December 2020, the media speculated that Saudi Arabia was exploring the possibility of signing a peace treaty with Israel in 2021. In addition, recent news about the Gulf reconciliation taking place in January of 2021, had some experts speculating about the possibility of Israeli officials visiting Doha, and exploring the possibility of Qatar and Israel entering a peace accord.
As the global economy and renewed trading slowly emerge from the impact of COVID-19, the normalization of relations between Israel and the Gulf states could not be better timed, presenting opportunities for individuals, companies, and governments in the Middle East to explore the new geopolitical map ushered in by this new era.
In this simulation, participants will:
Explore scenarios for an Israeli - Saudi peace deal and the regional impacts it will have.
Identify emerging opportunities for the private sector that will evolve in the coming years as a result of the Israeli - GCC relations.
Provide an analysis of how the governments of Israel and the Gulf can help to promote and incentivize the private sector to develop business cooperation.
Map areas that are not currently being explored or considered which may offer favorable opportunities for the GCC states and Israel to collaborate.