The UAE has announced the establishment of a $10 billion fund aimed at strategic sectors in Israel.
Through this fund, the UAE will invest in Israeli sectors including energy, manufacturing, water, space, healthcare, and agri-tech.
The investment fund will support development initiatives to promote regional economic cooperation between the two countries. Fund allocations will derive from government and private sector institutions.
This initiative is an integral part of the historic peace accord signed by the UAE and Israel with the United States’ support and demonstrates the benefits of peace by improving the lives of the region’s peoples. It is a manifestation of the new spirit of friendship and cooperation between the three countries, as well their common will to advance the region.
