WH Unveils $50B Palestinian Investment Proposal

The Associated Press reports:

The Trump administration on Sunday unveiled a $50 billion Palestinian investment and infrastructure proposal intended to be the economic engine to power its much-anticipated but still unreleased “deal of the century” Middle East peace plan.

The scheme, which calls for a mix of public and private financing and intends to create at least a million new jobs for Palestinians, was posted to the White House website ahead of a two-day conference in Bahrain that is being held amid heavy skepticism about its viability and outright opposition from the Palestinians. Palestinian President Mahmoud Abbas on Saturday reiterated his rejection of the proposal and the conference.

With no official participation from the two main protagonists, Israel and the Palestinians, and scant enthusiasm from others, continued uncertainty and strong doubts over the plan’s political vision and the distraction of potential U.S.-Iran conflict, expectations are decidedly low.

Exclusive: The Trump administration will unveil a $50 billion Middle East economic plan, including 179 infrastructure and business projects and nearly $1 billion to boost Palestine’s tourism sector https://t.co/3mcxPoJmX0 pic.twitter.com/hIWH5g2Azw

— Reuters Top News (@Reuters) June 22, 2019

Generations of Palestinians have lived under adversity and loss, but the next chapter can be defined by freedom and dignity.

Today, we’re unveiling Peace to Prosperity: the most ambitious international effort for the Palestinian people to date. https://t.co/q1pX9yJJzE

— The White House (@WhiteHouse) June 22, 2019