After a phone call between Mohammed bin Zayed and the Israeli Prime Minister
The UAE announces a $ 10 billion fund to invest in Israel
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, received a phone call from the Prime Minister of Israel, Benjamin Netanyahu, during which they discussed the progress of bilateral relations in light of the peace treaty signed between the two countries.
Following the call, the announcement of the establishment of a $ 10 billion fund aimed at investing in strategic sectors in Israel. Through this fund, the UAE will invest in Israel within strategic sectors, including energy, manufacturing, water, space, health care, agricultural technology and others. The fund will focus on development initiatives and the promotion of Economic cooperation between the two countries. The fund will be financed by allocations from the government and private sector institutions.
The establishment of the fund comes after the signing of the historic Abrahamic agreement between the two countries, and this step aims to strengthen economic relations between two of the booming economies in the region, open the way for investments, and create partnership opportunities to boost social and economic growth in the two countries and the region.
This initiative is one of the results of the peace agreement signed by the UAE and Israel with the support of the United States of America, and embodies the spirit of friendship and cooperation between the three countries, in addition to their common will to advance the region, and to provide a model for the benefits of peace by improving the lives of the peoples of the region.
Focus on investment in strategic sectors, including energy, manufacturing, healthcare, water, space and agricultural technology.
The fund will focus on development initiatives and strengthening economic cooperation between the two countries, and it will be funded by allocations from the government and private sector institutions.
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