Israeli Finance Minister Avigdor Lieberman said on Monday that he hopes US President Joe Biden's visit to the region this week will lead to the creation of a common market in the Middle East with the participation of Saudi Arabia, according to Reuters.

Biden will begin a visit to the Middle East starting with Israel on Wednesday, after which he will travel to Saudi Arabia.

Israel normalized relations with 4 Arab countries in 2020, according to a US diplomatic effort, namely the United Arab Emirates, Bahrain, Sudan and Morocco.

Lieberman was asked at a conference what he expected to emerge from Biden's visit, to answer "creating a new common market in the Middle East."