[ad_1]
The United Arab Emirates, the United States and Israel launched the “Abraham Fund,” an investment worth $ 3 billion, during a ceremony held today at Tel Aviv’s Ben Gurion Airport with the participation of Emirati, Israeli and American officials.
The US Embassy in Israel announced in a statement that it “is proud that the United States, Israel and the United Arab Emirates announce the creation of the Abraham Fund, which fulfills the commitment made in the Abraham Accords.”
“Through this fund, the American International Development Finance Corporation, the United Arab Emirates and Israel will provide more than $ 3 billion in private sector-led investment and development initiatives to enhance regional economic cooperation and prosperity in the Middle East and beyond, “he added.
He noted that “this initiative is an integral part of the historic peace agreement signed by the United Arab Emirates and Israel with the support of the United States, and demonstrates the benefits of peace by improving the lives of the peoples of the region.”
He said: “It is an embodiment of the new spirit of friendship and cooperation between the three countries, in addition to their common will to move the region forward,” and that “the three countries will open a development office in Israel to identify and initiate strategic projects with great impact on development, including those that stimulate economic growth and improve standards of Living creates high-quality, high-quality jobs.
And “the fund will allow its members to launch investments that are centered on people, providing opportunities and hope for the region and its youth by allowing them to build a future that serves them and their societies,” according to the embassy statement, which He also indicated that “the United States, Israel and the United Arab Emirates believe that this initiative will create the basis for cooperation. A stronger regional based on diversity, exchange and common humanity ”.
The US embassy indicated that the fund would work to boost regional trade, enable strategic infrastructure projects and increase energy security by providing reliable access to electricity.
“The fund also aims to improve agricultural productivity and facilitate reliable and efficient access to drinking water in the region,” he said.
“The fund will address the challenges facing the region and increase economic opportunities for all,” said Adam Buehler, executive director of the United States International Development Finance Corporation.
“We are excited to take this historic partnership to the next level to drive shared prosperity.”
For his part, United Arab Emirates Minister of State Ahmed Al-Sayegh said the fund “reflects the desire of the three countries to put the well-being of the people first, regardless of their creed or identity.”
He added that the UAE is confident that the initiative can be a source of economic and technological strength for the region, while improving the lives of those most in need of support.
In turn, Ronen Peretz, Director General of the Office of the Prime Minister of Israel, said: “The Abraham Fund will be an essential tool to realize the vision of our leaders to improve regional cooperation.”
Israeli Prime Minister Benjamin Netanyahu said that the Abraham Joint Fund will finance many projects to boost investments and infrastructure.
