UAE to invest over $12 million in ‘Israel’
Emirati Crown Prince Mohammed Bin Zayed Al Nahyan has “volunteered” to invest over $12 million in ‘Israel’, as Israeli Prime Minister Benjamin Netanyahu said yesterday.
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].”
So far, there has been no comment from the United Arab Emirates on Netanyahu’s statement.
Netanyahu cancelled a planned visit to the UAE on Thursday due to difficulties in coordinating his flight in Jordanian airspace, as the latter cancelled the trip in retaliation for the Jordanian crown prince’s canceled trip to Al-Aqsa mosque on Wednesday, which he called off amid a dispute with ‘Israel’ over entry permits for his security detail.
The trip by Netanyahu was supposed to be his first official visit since normalizing the relations with the United Arab Emirates and Bahrain last year.
Netanyahu had originally been set to make the trip in November, then December, and then in January, and the last in February, but the pandemic, scheduling issues, and internal political crises led him to postpone repeatedly.
The UAE was the first country to agree to normalize ties with the occupation state under the Abraham Accords, a pact brokered by the United States, a move that was followed by Bahrain, Morocco and Sudan.
Following the cancellation of the trip, the UAE said it agreed to launch an investment fund worth of $10 billion in ‘Israel’, according to the official WAM news agency.
