The Trump administration’s $50 billion Middle East economic plan calls for the creation of a global investment fund to lift the Palestinian and neighboring Arab state economies, and construction of a $5 billion transportation corridor to connect the West Bank and Gaza, according to US officials and documents reviewed by Reuters.
US Secretary of State Mike Pompeo and US ambassador to Israel David Friedman stand next to the dedication plaque at the US embassy in Jerusalem on March 21, 2019. (File photo: AFP)
Veteran Palestinian negotiator Hanan Ashrawi dismissed the proposals on Saturday. (File photo: AFP)
Political disputes remain
A signature project would be to construct a travel corridor for Palestinian use that would cross Israel to link the West Bank and Gaza. (File photo: Reuters)