The proposal will be raised before King Hussein during Prime Minister Benjamin Netanyahu’s upcoming visit in Amman.
Prime Minister Benjamin Netanyahu supports a proposal to establish an Israeli fund to promote investment in the Arab world, and has even instructed Minister of Industry and Trade Natan Sharansky to advance the matter as quickly as possible. The fund will be set up using the US overseas foreign investment fund as a model.
The proposal was put forth by Doron Klausner, general manager of the Israel Foreign Trade Risk Insurance Corporation (IFTRIC). The fund will provide a suitable insurance framework for integrating commercial and political risk in Arab countries. According to the IFTRIC proposal, the fund will represent the government and commercial sectors on a 30-70% or 40-60% basis. Capital will reach $100 million within a few years. The fund will be managed by the private sector.
Netanyahu is expected to bring up the proposal in an upcoming meeting with King Hussein in Amman.