Investigation: The UAE has invested massively in the Israeli economy through hundreds of deals and agreements
The Emirati regime poured huge investments into the Israeli economy through hundreds of deals and agreements with dubious goals.
Since the UAE normalized relations with Isreal in mid-September, under American auspices, Israel has received strong economic and financial support from Abu Dhabi.
Hundreds of deals and agreements were concluded between the two countries in all fields and sectors, including economy, investment, financing, insurance and business promotion.
It also included tourism, aviation, travel, banking, stock exchanges and financial markets.
The agreements included cooperation between the largest banks, technology, communications, entrepreneurship and industrial intelligence, industry, agricultural technologies and water resources solutions, smart cities, and renewable energy.
The agreements culminated in the opening of the Abu Dhabi Investment Authority (the sovereign investment fund), its first office outside the UAE, in Tel Aviv.
The agency and the Israel Organization agreed on bilateral cooperation in the field of investment and the search for joint investment opportunities inside Israel.
Other deals were concluded between the two countries in the aviation industries’ activities, the development of defence systems and the partnership in cybersecurity activities, digital domains, security technologies, anti-drone systems, drug production, building and construction projects, and infrastructure development.
It also supported the establishment of joint projects in ports, maritime transport, shipbuilding, railways, running trains and public transport, as well as the conclusion of deals to build roads, bridges and logistical services, and to develop ports and the free zone in Israel.
These deals were followed by Abu Dhabi pumping billions of dollars into the Israeli economy’s arteries and announcing and financing major projects.
It also includes exchanging goods and products, even those produced inside the settlements, and Israeli goods’ marketing in the local and foreign markets and the exchange of tourist delegations, direct airline flights, exemption from visas, and allowing Israeli tourists to enter Dubai without a visa.
Also, both countries agreed on operating 28 flights a week between the Emirates and Ben Gurion Airport, the opening of an embassy for the Emirates in Tel Aviv, and the opening of the UAE markets and the Dubai International Financial Center to Israeli investors and traders.
But the most major development took place a few days ago, as the normalization projects between the occupying power and the UAE culminated in the Gulf state’s announcement of establishing an investment fund worth 10 billion dollars.
This is to support Israel’s investments and invest in sectors described by the countries as strategic, including energy, manufacturing, water, space, health care, and agricultural technology.
According to the official Emirates News Agency, “the fund will focus on specific and important investments, on top of which are energy, space, health and agricultural technology.”
The announcement of the fund’s establishment came after a phone call between Abu Dhabi Crown Prince Mohammed bin Zayed and Israeli Prime Minister Benjamin Netanyahu.
The announcement also comes in exceptional circumstances due to the Corona pandemic and its dangerous repercussions on the Israeli economy, and the decline in tourism revenues, the increase in unemployment, poverty, financial distress, the decline in the rate of economic growth and the worsening of the financial situation of Israel.
Netanyahu needs strong support in the upcoming elections scheduled for the middle of next week, especially as he runs elections with financial corruption files, bribery and prosecutions that his political opponents invested in their election campaigns against him.
Consequently, the announcement of the establishment of this vast investment fund came at this time to support it and to arrange a visit for it to Abu Dhabi.