Oil & Gas 360 Publishers Note: We have been following the US State Department and the peace talks, and this is just part of the positive negotiations in process. On October 12, 2020 the cabinet approved the Israel-UAE deal to normalize relations.
The US State Department said that the investments will be made in infrastructure, energy and agricultural projects.
The US State Department announced today that it was setting up the Abraham Fund – a $3 billion investment fund for economic cooperation between the US, Israel and UAE. The US said the money will be allocated for private sector investments and promoting initiatives for nurturing regional cooperation in the Middle East.
Representatives of the three countries will open an economic cooperation office in Israel to define the targets of the fund and identify projects that can make an impact in regional development and bring about economic growth, raise the standard of living and create jobs.
Oil & Gas 360 Publishers Note: We have been following the US State Department and the peace talks, and this is just part of the positive negotiations in process.
