Several major projects in U.S. President Donald Trump's $50 billion economi...
JERUSALEM/GAZA - Several major projects in U.S. President Donald Trump’s $50 billion economic blueprint for Israeli-Palestinian peace mirror previous proposals stalled by conflict, analysts said on Sunday.
“We tried to take the good things they did and then come up with a new approach to try to bring this forward,” he said. Gaza and the West Bank are around 35km apart at their closest point. However, they are divided not just by geography but by long-standing and bitter divisions between President Mahmoud Abbas’s Palestinian Authority , whose power base is in the West Bank, and the PA’s Islamist rival, Hamas, which controls Gaza
“It will be relevant, and I definitely think it should be relevant, when Gaza ceases to be a pro-Iranian realm of terror. That means, it is not relevant now nor in the foreseeable future,” he told Israel Radio. The Palestine Investment Fund , which is the PA’s sovereign fund, is the lead investor in an ongoing initiative to build a power plant in Jenin. PIF says the power plant requires $600 million in capital, which matches the figure quoted in the Trump team’s proposal.
In 2018, the EU said it had received €456 million in international financial support for the project.
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