U.S.-sponsored Bahrain conference, where the economic phase of the Trump Administration’s peace plan will be officially unveiled.
Mahmoud Abbas has already boycotted the conference and has preemptively rejected the still unrevealed political part of the ”Deal of The Century”.
“We need economic support, the money and the assistance, but before everything, there is a political solution. For America to turn the whole cause from a political issue into an economic one, we cannot accept this,” Abbas said.
“We will not be slaves or servants for Greenblatt, Kushner, and Friedman,” Abbas told the press at his office in Ramallah.
Despite Abbas’s pleas to the neighboring Middle East to not attend the conference, many will be present today including Saudi Arabia, Jordan, and Egypt
The White House revealed the economic part of its peace proposal earlier this week for the Middle East conflict, which essentially consists of $50 billion to go towards the real needs of the Palestinian people.
The plan seeks to double the gross domestic product (GDP) of Palestinians, create approximately one million jobs for Palestinians, reduce unemployment in the West Bank and Gaza from 30 percent to single digits, and halve the percentage of poverty among the Palestinian population.
The Trump Administration wants to raise a good chunk of these funds from Jordan, Egypt, and Lebanon as part of its plan. According to the White House report, $15 billion of the total $50 billion investment will come from grants, $25 billion in the form of subsidized loans and approximately $11 billion from private capital.
The money contributed by the US and these donor countries will finance 179 economic projects in areas such as infrastructure, water, energy, telecommunications, tourism, and medical services. Of that total, 147 of the projects will be for the West Bank and Gaza, 15 for Jordan, 12 in Egypt and five in Lebanon.
The proposal includes tens of millions of dollars that will be allocated to connect Gaza and the Sinai Peninsula for infrastructure – such as upgrading high-voltage lines and increasing electricity supply – and trade.
The plan includes the construction of a five billion dollar pathway such a road or possibly a railroad between the West Bank and Gaza. It also seeks to inject 950 million dollars in the tourism industry for the Palestinians.