The White House has unveiled a $50bn Palestinian investment and infrastructure proposal aimed at supporting its much-anticipated but still unreleased “deal of the century” Middle East peace plan.
Speaking to Reuters, Donald Trump’s adviser and son-in-law Jared Kushner, who is behind the plan, said: “I laugh when [Palestinian leaders] attack this as the ‘deal of the century’. This is going to be the opportunity of the century if they have the courage to pursue it.”
Kushner said some Palestinian business executives had confirmed their participation in Bahrain, but declined to identify them. The overwhelming majority of the Palestinian business community will not attend, businessmen in the West Bank city of Ramallah told Reuters.
The White House said it decided against inviting the Israeli government because the Palestinian Authority would not be there. There will instead be a small Israeli business delegation.
Projects worth $27.5 Billion in the West Bank and Gaza, and $9.1 Billion, $7.4 billion and $6.3 Billion for Palestinians in Egypt, Jordan, and Lebanon respectively.
“Generations of Palestinians have lived under adversity and loss but the next chapter can be defined by freedom and dignity,” the White House said, calling the plan “the most ambitious international effort for the Palestinian people to date”.