Exclusive: White House’s Kushner unveils economic portion of Middle East peace plan


Matt Spetalnick, Steve Holland

WASHINGTON (Reuters) – The Trump administration’s $50 billion Middle East economic plan calls for creation of a global investment fund to lift the Palestinian and neighboring Arab state economies, and construction of a $5 billion transportation corridor to connect the West Bank and Gaza, according to U.S. officials and documents reviewed by Reuters.

The “peace to prosperity” plan, set to be presented by President Donald Trump’s son-in-law Jared Kushner at an international conference in Bahrain next week, includes 179 infrastructure and business projects, according to the documents. The approach toward reviving the moribund Israeli-Palestinian peace process was criticized by the Palestinians on Saturday.

The economic revival plan would take place only if a political solution to the region’s long-running problems is reached.

More than half of the $50 billion would be spent in the economically troubled Palestinian territories over 10 years while the rest would be split between Egypt, Lebanon and Jordan. Some of the projects would be in Egypt’s Sinai peninsula, where investments could benefit Palestinians living in adjacent Gaza, a crowded and impoverished coastal enclave.

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1 reply

  1. A plan created in the mind of Mr. Kushner, without consulting the Palestinians and probably hardly the Israelis. In his defense: BILLIONS is the only thing he understands and that is why it is prevailing in his plan. It does not enter his mind that may be Palestinians prefer freedom to simple cash.

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