US President Donald Trump has announced that he would probably wait for the September 17th Israeli elections to take place before unveiling his Mideast ”Deal of the Century”.
“We will probably wait for the release of the Middle East peace plan until after the Israeli elections, and that that the US might release small parts of it beforehand,” Trump told reporters.
Jared Kushner met in early August in Cairo with President Abdel Fattah al-Sisi to discuss aspects of the peace plan.
Accompanied by Jason Greenblatt, President Trump’s envoy for the Middle East, Kushner briefed the Egyptian president on the contacts the US delegation had made with various parties “to put negotiations between Palestinians and Israelis back on track”. according to the Egyptian presidency, the two sides discussed “ways to consolidate peace and stability in the region”.
After visiting Egypt, Kushner met with King Abdullah II of Jordan, and with Israeli Prime Minister Benjamin Netanyahu to discuss the plan.
As of now, only the economic aspect of the plan has been revealed by Special Advisor Jared Kushner. The economic part of the peace plan 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.