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Netanyahu says UAE crown prince to invest $12M in Israel

No comment from United Arab Emirates over Israeli prime minister's statement

News Service
08:29 - 16/03/2021 الثلاثاء
Update: 08:32 - 16/03/2021 الثلاثاء
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Israel's Prime Minister Benjamin Netanyahu
Israel's Prime Minister Benjamin Netanyahu

Israel's Prime Minister Benjamin Netanyahu said on Monday Emirati Crown Prince Mohammed bin Zayed Al Nahyan has "volunteered" to invest over $12 million in Israel.

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 (UAE) on Netanyahu's statement.

On Thursday, Netanyahu postponed his official visit to the UAE due to difficulties that surfaced in coordinating the passage of his flight through Jordanian airspace.

Following the cancellation of the trip, UAE said it agreed to launch an investment fund worth of $10 billion in Israel, according to the official WAM news agency.

Several bilateral agreements were signed in different fields following an Israel-UAE normalization deal last year.

#Benjamin Netanyahu
#Israel
#Mohammed bin Zayed Al Nahyan
#UAE
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