Prime Minister Benjamin Netanyahu on Tuesday welcomed a senior delegation of Emirati officials to Israel for their first official state visit since the signing of the U.S.-brokered normalization deal last month, calling the visit “historic.”
“Welcome to Israel,” Netanyahu said. “Today we are making history in a way that will stand for generations.”
“The enthusiasm for this agreement among our peoples is enormous and reflects the potential that is being realized today,” he said.
The UAE delegation, headed by the country’s finance and economy ministers, signed four bilateral agreements with Israel that the Israeli prime minister said would make “a tangible difference for our peoples.”
“The visit of such a high-level delegation from the UAE, and the agreements we are about to sign, will show our peoples, the region and the entire world the benefit of having friendly, peaceful, normal exchanges,” Netanyahu said. “I believe that more and more governments across the Middle East understand, as we do here today, that we’re so much better off working together, as friends.”
— Avi Berkowitz (@aviberkow45) October 20, 2020
Netanyahu thanked President Donald Trump and UAE Crown Prince Mohammed bin Zayed al-Nahyan for their role in making the Abraham Accords happen.
“We shall remember this day, a glorious day of peace,” he said.
One of the agreements signed was a visa waiver accord, making the Gulf country the first Arab state that Israelis can travel to without a visa.
The UAE’s Foreign Minister Abdullah bin Zayed al-Nahyan also requested his Israeli counterpart Gabi Ashkenazi move quickly to set up embassies in Tel Aviv and Abu Dhabi, as Breitbart News reported.
“I have full faith in your unreserved support for opening diplomatic missions in Tel Aviv and Abu Dhabi as quickly as possible,” al-Nahyan wrote in a letter to Ashkenazi that was presented to the Israeli foreign minister by members of the UAE delegation.
“Best wishes to both countries and both friendly nations for progress and prosperity in the future,” Bin Zayed wrote in Arabic.
The UAE, the U.S. and Israel also announced the establishment of a $3 billion regional development fund based in Jerusalem.
The so-called Abraham Fund will “promote regional economic cooperation and prosperity in the Middle East and beyond,” a joint trilateral statement said.
“The fund will enable its members to launch people-focused investments, providing opportunity and hope for the region and its youth by enabling them to build a future that serves them and their communities,” the statement read.
“The partners welcome participation from other countries to advance these objectives.”
“The Abraham Fund will tackle challenges facing the region and increase economic opportunity for everyone,” Adam Boehler, CEO of the U.S. International Development Finance Corporation, said in the statement. “We are excited to take this historic partnership to the next level to promote shared prosperity.”
Treasury Secretary Steven Mnuchin represented the Trump administration at the ceremony. “The Abraham Accord established direct economic ties between two of the Middle East’s most thriving and advanced economies. These ties create a tremendous foundation for economic growth, opportunity, innovation and prosperity,” he said.
“With greater economic prosperity comes stronger security. Along with the United States, Israel and the UAE share a similar outlook regarding threats and opportunities in the region.”
UAE Minister of State for Financial Affairs Obaid Humaid Al Tayer said he was looking forward to “capitalizing on both countries’ leadership and great opportunities ahead of us.”