The United Arab Emirates (UAE) recently unveiled a $12 billion investment fund for strategic sectors in Israel as another step toward normalization.

According to the official Emirates News Agency (WAM), the decision was reached after a “constructive” phone call between Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed (MBZ) and Israeli Prime Minister Benjamin Netanyahu.

The UAE will “invest in and alongside Israel, through sectors such as energy manufacturing, water, space, healthcare, and agri-tech” through the $12 billion fund, according to the statement.


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