The US will hold an economic workshop with the Kingdom of Bahrain to promote economic development in the Palestinian territories as part of efforts to seek a Middle East peace agreement, the White House announced Sunday.
The “Peace to Prosperity” event will be held in Manama June 25-26 “to convene government, civil society, and business leaders to share ideas, discuss strategies, and galvanise support for potential economic investments and initiatives that could be made possible by a peace agreement,” the White House said in a statement.
The workshop will focus on an economic framework for the Palestinian people and region, including the potential for private-sector growth, the administration said.
A political proposal being crafted by senior White House adviser Jared Kushner and US special representative Jason Greenblatt is expected to be unveiled at a later time, a senior administration official told reporters Sunday, speaking on condition of anonymity.
The official declined to say what commitments any countries had made to the investment initiative, or who planned to attend.
The event is expected to attract business leaders and officials from the U.S, Arab countries and Asia, said the official, declining to say who had been invited.
A spokesman for Israeli Finance Minister Moshe Kahlon said the minister hasn’t yet received a formal invitation to the summit. The office of Prime Minister Benjamin Netanyahu declined to comment.
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