The United Arab Emirates has announced the creation of a $ 10 billion fund for strategic investments in Israel. This was reported by the Emirati newspaper Gulf News, noting that the decision to take such a step is a consequence of a call from Israeli Prime Minister Benjamin Netanyahu to the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Mohammed bin Zayed Al Nahyan.
The investment fund is intended both for Emirati investments in Israel and for joint investments with Israel in various sectors, including energy, industrial production, water supply, space exploration, healthcare and agriculture. These funds are designed to support initiatives to develop and promote economic cooperation between the two countries. The fund will be formed at the expense of both public and private funds, reports TASS.