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Tags: israel | joint | investment | fund | 3billion | trump | UAE

US, UAE, Israel to Form Joint $3 Billion Fund in Jerusalem

US, UAE, Israel to Form Joint $3 Billion Fund in Jerusalem

Tuesday, 20 October 2020 06:28 AM EDT

Israel, the United Arab Emirates and the U.S. will set up a joint $3 billion investment fund headquartered in Jerusalem as part of efforts to normalize relations and promote regional economic development.

The fund was announced on Tuesday during a first official visit to Israel by a UAE delegation, following a formal agreement on normalizing ties last month, to which Bahrain was also a party. It will invest in projects in the Middle East and North Africa.

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Israel, the United Arab Emirates and the U.S. will set up a joint $3 billion investment fund headquartered in Jerusalem as part of efforts to normalize relations and promote regional economic development.The fund was announced on Tuesday during a first official visit to...
israel, joint, investment, fund, 3billion, trump, UAE
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2020-28-20
Tuesday, 20 October 2020 06:28 AM
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