Economic projects in the UAE and Israel have stalled
One year after the signing of the agreement to normalize relations between the UAE and the Zionist regime, economic projects between the two sides have remained postponed and have not been implemented.
“About a year after the signing of the normalization agreement between Israel and the UAE, none of the economic projects between the two sides have entered the implementation phase,” the Globes newspaper reported. The establishment of two investment funds, one of which is worth $ 10 billion, has also been suspended.
Abu Dhabi is waiting to see how relations with the new Israeli government develop, the newspaper wrote. Abu Dhabi is also waiting for the results of the tender for the purchase of the port of Haifa.
According to Israeli Foreign Minister Yair Lapid, the trade volume between Israel and the UAE has reached $ 675 million since the signing of the normalization agreement.
The UAE and the Zionist regime signed a normalization agreement on September 15 in the White House with former US President Donald Trump.
