Dubai conglomerate Al Habtoor Group is to open a representative office in Israel, it said on Sunday.
The United Arab Emirates and Israel last week agreed to establish bilateral diplomatic and trade ties, which officials have said would create significant economic opportunities.
The family-owned conglomerate portfolio covers the hospitality, construction, education and automotive sectors.
"We are preparing to reveal a few collaborations in the coming days," he said in a statement.
On Wednesday, the Abu Dhabi Media Office said the state-run Abu Dhabi Investment Office is to open its first office outside the United Arab Emirates in Tel Aviv. A day earlier, Israel's Bank Leumi said it had signed memo,randums of understanding with First Abu Dhabi Bank and Emirates NBD which would help enable the countries to implement economic relations.
On Monday, Hapoalim, Israel's biggest bank, said it had signed a memorandum of understanding with Emirates NDB.