Netanyahu Says UAE Wealth Fund Interested in Investing in Israel

(Bloomberg) --

The United Arab Emirates’ sovereign wealth fund is interested in investing in Israel, Prime Minister Benjamin Netanyahu said at a meeting with lawmakers from the south of the country on Wednesday.

Israel’s south, known as the Negev, has developed desert agriculture, water technology, and solar energy, all of which interests the UAE, the prime minister said.

The UAE last week announced that it’s moving toward normalizing relations with Israel, joining Egypt and Jordan as the only Arab countries to do so.

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