Monday, May 09, 2022

Jared Kushner’s New Fund Plans to Invest $2 billion Saudi Money in Israel

Good news! Blessed are the peacemakers! This could be the harbinger of a sea change in Israel-Saudi Arabia foreign relations!

"The report in "The Wall Street Journal" over the weekend that Jared Kushner had raised $2 billion from the Saudi Arabia sovereign wealth fund for investment in Israeli tech companies through his private equity fund is a substantial step forward in relations between the two countries with major diplomatic significance. According to the report, this would be a direct investment of Saudi money in Israeli companies - a move which is far more than symbolic and demonstrates the desire of the Saudi royal family to be a player in the Israeli economy, while also removing more obstacles on the path to direct relations with Israel. ...
The biggest obstacle currently preventing Saudi Arabia from joining the Abraham Accords is King Salman, the father of Crown Prince Mohammed bin Salman (known as MBS). For some years, his health has been waning and yesterday he was again hospitalized in Riyadh for medical examinations. ..."

Jared Kushner’s New Fund Plans to Invest Saudi Money in Israel - WSJ Saudi Arabia’s sovereign-wealth fund committed $2 billion to Mr. Kushner’s Affinity Partners, agreeing to allow investment in Israeli firms for the first time

Israel-Saudi relations move up a gear Israel and Saudi sources say the $2 billion investment in Jared Kushner's fund is economically significant but the diplomatic implications are even more important.

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