For the first time ever, Saudi Arabia will be investing millions of dollars in Israeli high tech firms via Trump’s son-in-law Jared Kushner’s new private equity firm
If WSJ has paywall for above link here’s another link:
Excerpt:
Jared Kushner’s new private-equity fund has secured Saudi Arabia‘s first ever investment in Israel, with plans to distribute tens of millions of dollars to two Israeli firms. Affinity Partners, which has raised more than $2 billion of its $3 billion investment kitty from the Saudi kingdom, will make the investment after Prince Mohammed bin Salman and officials agreed that the fund could be given to Israeli firms.
A source knowledgeable on the deal told DailyMail.com that Kushner, a former White House adviser and son-in-law of former President Donald Trump, will pour tens of millions of dollars of the kingdom’s money into the Israeli start-ups to highlight the historic moment between the two countries.
If we can get Israelis and Muslims in the region to do business together it will focus people on shared interests and shared values,’ Kushner told the WSJ. ‘We kicked off historic regional change which needs to be reinforced and nurtured to achieve its potential.’
Saudi Arabia hasn’t yet signed onto the Abraham Accords, but Kushner’s newly-announced plan to invest Crown Prince MBS’s money in Israel with Saudi approval signals a historic warming in relations between the two nations......
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Good news but am suspicious of Trump’s family members making money of their political connections dealings. That’s what Biden, Clinton and Romney et al crime families do. But maybe Arab culture is such that they only deal with established relationships. Especially with non-Muslims. Now if this is first step to Saudi Arabia signing the Abraham Accords then actions understandable. I’m just leery of family members making business deals based on political connections.
I think Kushner made his bones publicly and legit-ly (mog, I cannot spell and Grammarly has no idea what I’m trying to say! sorry!) on the public stage (the Abraham Accords) so I don’t think this is shady. Thanks!