$10 billion fund for investments in Israel: UAE confirms

The United Arab Emirates has announced the creation of a $10 billion fund targeted at strategic sectors in Israel, following a fruitful phone call between His Highness Sheikh Mohamed Bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Benjamin Netanyahu, Prime Minister of the State of Israel.

This fund will help UAE to invest in and along with Israel in different sectors, which includes energy, manufacturing, water, space, healthcare, and agri-tech. This investment fund aims to support different initiatives to promote regional economic cooperation between the two countries. Government and private sector institutions will help in originating funds for allocation.

This allocation of funds is built upon the historic Abraham Accords, which aims to strengthen the economic ties between the two of the most thriving economies of the region. It will also unlock the opportunities for investment for further development and strengthen the partnership to enhance socio-economic progress between both countries.

This investment initiative plays an important part in the historic peace accord, which was signed by the UAE and Israel, with support from the United States of America. This peace accord demonstrates the benefits of peace by improving the lives of people residing in that region. In other words, it is a manifestation of the long-awaited new spirit of friendship and cooperation between all three countries, resolving the age-old indifferences. This will initiate a common will amongst all to advance the region.