Israeli Prime Minister Benjamin Netanyahu revealed on Thursday that the United Arab Emirates, with which Israel signed a peace deal in September, plans to invest $10 billion in the country.
Speaking during a press conference with his Hungarian and Czech counterparts in Jerusalem, Netanyahu said that Israel’s economy would “take a leap forward” due to the investment, and that “specific projects” were already under discussion.
The press conference came just hours after a planned visit to the UAE was canceled due to a delay in obtaining Jordanian permission to traverse its airspace. According to a statement from Netanyahu’s office, the delay was linked to the cancellation of a planned visit to the Temple Mount by the Jordanian Crown Prince due to a disagreement over security arrangements.
“It took us a good couple of hours to set things straight with Jordan,” he said. “We can fly, and I can fly over Jordan, but [due to the delay] until this coordination was achieved, today’s visit was not possible,” he added.
Earlier on Thursday, the Czech Republic opened a branch of its Israel embassy in Jerusalem in a ceremony attended by Czech Prime Minister Andrej Babiš and Israeli Foreign Minister Gabi Ashkenazi.