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Israel Signs Multimillion-Dollar Strategic Accord with Morocco | The Jewish Press - JewishPress com | Israel Hayom | 20 Nisan 5781 – April 1, 2021
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Israel Signs Multi-Million-Dollar Strategic Accord With Morocco
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Israel signs multi-million-dollar strategic accord with Morocco
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(From R-L) Susan Pompeo, U.S. Ambassador to Israel David Friedman, Secretary of State Mike Pompeo and aide Aryeh Lightstone at Ben Gurion Airport, Lod, on Nov. 20, 2020. (State Department/Twitter via TOI)
(The Times of Israel) When the United Arab Emirates and Bahrain agreed to formalize their diplomatic ties with Israel last year, the decision came with a gilded signing bonus a $3 billion fund that would funnel money into private sector-led initiatives meant to foster economic growth and cooperation in the Middle East.
Later, when Sudan and Morocco signaled that they too would establish relations with Israel, the $3 billion of US taxpayer money was opened to them as well.
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When the United Arab Emirates and Bahrain agreed to formalize their diplomatic ties with Israel last year, the decision came with a gilded signing bonus a $3 billion fund that would funnel money into private sector-led initiatives meant to foster economic growth and cooperation in the Middle East.
Later, when Sudan and Morocco signaled that they too would establish relations with Israel, the $3 billion of US taxpayer money was opened to them as well.
A statement announcing the fund on October 20 called it “an integral part of the historic peace accord” between Israel and the UAE with the support of the United States.