Deal of the Century
US administration has revealed some details of what it called the Middle East Initiative, which is known as the deal of the century. The deal includes the allocation of $ 50 billion to finance investments in the Palestinian territories.
The controversial plan will include the creation of a corridor connecting the Palestinian territories, as well as the creation of a global investment fund to finance the reform of the Palestinian economy.
The deal of the century will be represented by Jared Kushner, to attendees at an international conference to be held on June 25-26 in Manama, Bahrain, attended by several Gulf countries, including Saudi Arabia.
Kushner , in an interview with Reuters, said that Trump’s administration hopes that other countries, mainly rich Gulf states and private investors will cover a large part of this budget.
Meanwhile, Palestinians announced that they would boycott the conference, while they had frozen their contacts with the US administration since it recognized Jerusalem as the capital of Israel back in 2017.
The disclosure of this project comes after two years of discussions and delays in unveiling a broader peace plan between Israelis and Palestinians.