Israel, U.S., UAE announce $3 billion investment fund

A joint statement from the UAE, Israel and the U.S. sent out by the American embassy in Israel announces the creation of a fund to funnel investment to projects that “promote regional economic cooperation and prosperity in the Middle East and beyond.
”The announcement of the Abraham Fund, long on platitudes and short on details, puts the size of the kitty at more than $3 billion, though it is unclear if that has been pledged or is a goal.
“The fund will enable its members to launch people-focused investments, providing opportunity and hope for the region and its youth by enabling them to build a future that serves them and their communities,” the statement read.
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