Ahead of Bahrain conference Washington unveils details of "century deal" | News -

Top News

US President George W. Bush's $ 50 billion ($ 50 billion) Trilateral Economic Management Plan for the Middle East calls for a global investment fund to support the economies of Palestinians and neighboring Arab states and build a $ 5 billion corridor, Reuters reported, quoting US officials, as well as documents it has seen. Linking the West Bank and the Gaza Strip.

The documents showed that the "Peace for Prosperity" plan included 179 infrastructure and business projects. Jared Kouchner, Trump's brother-in-law, will present the plan at an international conference in Bahrain this week. But the ambitious economic plan is implemented only after the Palestinians make concessions that satisfy Israel completely., According to sources familiar with them.

According to leaks, more than half of the $ 50 billion will be spent in the economically troubled Palestinian territories over 10 years, while the rest will be divided between Egypt, Lebanon and Jordan. Some projects will be set up in Egypt's Sinai Peninsula, where investments can benefit Palestinians living in the nearby Gaza Strip.

The plan also proposes about $ 1 billion to build the Palestinian tourism sector, an idea that seems impractical at the moment in light of the occasional confrontations between Israeli forces and Hamas fighters governing Gaza and fragile security in the occupied West Bank.

Kushner told Reuters Trump's administration hoped that other countries, mainly rich Gulf states and private investors would cover a large part of the budget.

The unveiling of the economic plan comes after two years of discussions and delays in unveiling a broader peace plan between Israelis and Palestinians. Palestinians boycotting the Bahrain conference have refused to talk to the Trump administration since it recognized Jerusalem as the capital of Israel in late 2017.

The veteran Palestinian negotiator Hanan Ashrawi rejected the proposals on Saturday, saying that "these are all intentions … all theoretical promises" and said only a political solution would resolve the conflict. Hamas, which controls the Gaza Strip, said: "Palestine is not for sale"He said.

It seems that the level of participation of Arab countries neighboring Palestine in the Bahrain conference will be at a very low level. The deputy finance ministers in Jordan and Egypt will likely participate in the conference, which is not very reliable..

HW / HAH (dpa / Reuters)

Sign up for our free – – – and receive our best articles in your inbox.

Enter your email address:

Delivered by FeedBurner

Powered by Blogger.