ByNews Desk- The Cradle
Israeli defense contractors have secured over $3 billion in deals with the UAE, Bahrain, and Morocco since the signing of the Abraham Accords
A senior US official said that the meeting is expected for the first quarter of 2023 and will include the foreign ministers of the so-called Negev summit in March.
According to the reports, the US hopes for continued cooperation between Netanyahu’s administration of hardliners and Arab states seeking a diplomatic, economic, and military relationship with Israel since the signing of the Abraham Accords.
On condition of anonymity, the US official said that the Abraham Accords are “near and dear to the heart of Prime Minister Netanyahu, and so I imagine that he wants to continue to see that move forward.”
“Depending on some of the things that Israel does, that may make it harder or easier for these countries to actually engage and participate and move forward, nevermind bringing new countries into the process,” he added.
Israeli military contractors have been the largest beneficiaries of the normalization agreements signed between Tel Aviv and several Arab nations in 2020.
According to a report by the Wall Street Journal (WSJ) published on 9 October, Israeli defense contractors have secured over $3 billion in deals with the UAE, Bahrain, and Morocco.
These investments helped drive Israel’s global military sales to a record $11.3 billion last year, with military sales to Gulf countries hitting seven percent of total weapons exports, according to the Israeli defense ministry.
Additionally, Benjamin Netanyahu added that he intends to sign a peace agreement with Riyadh but that it depends entirely on the Gulf state.
“I think we can have a new peace initiative that will form a quantum leap for the achievement for the resolution of […] the Arab-Israeli conflict and ultimately […] And of course, I’m referring to what could be a truly remarkable historic peace with Saudi Arabia,” Netanyahu told the Saudi news channel.
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