Israel's Prime Minister Benjamin Netanyahu said on Monday Emirati Crown Prince Mohammed bin Zayed Al Nahyan has "volunteered" to invest over $10 billion in Israel.
In an interview with the Israeli army radio, Netanyahu said Abu Dhabi's crown prince told him that he "wants to be a partner in projects which could enhance Israel's economy after the coronavirus [pandemic]."
The UAE plans to invest $10 billion in the Israeli economy, Prime Minister Benjamin Netanyahu says, citing a conversation with Abu Dhabi’s crown prince https://t.co/XkZSRUTIsM
— Jason Brodsky (@JasonMBrodsky) March 11, 2021
So far, there has been no comment from the United Arab Emirates (UAE) on Netanyahu's statement.
On Thursday, Netanyahu postponed his official visit to the UAE due to difficulties that surfaced in coordinating the passage of his flight through Jordanian airspace.
#UAE announces $10 billion fund for investments in #Israel. Through this fund, the UAE will invest in and alongside Israel across sectors
— Gulf News (@gulf_news) March 11, 2021
https://t.co/WQ4jbR3c48
Following the cancellation of the trip, UAE said it agreed to launch an investment fund worth of $10 billion in Israel, according to the official WAM news agency.
Several bilateral agreements were signed in different fields following an Israel-UAE normalization deal last year.
This article has been adapted from its original source.
