Israel’s Finance Ministry announced that representatives from Israel and the European Union have begun discussions on economic cooperation, and the possibility of a rail system connecting Israel, its neighbors, Gulf States, and European Mediterranean companies.
The Jerusalem Post reported that the “regional peace railway” would involve Israel, Jordan, Saudi Arabia, the Palestinian Authority, and other Gulf states.
A railway could be a “shorter, faster, cheaper and safer” way to connect the Middle East and Europe for trade and travel.
Israel signed normalization treaties with the United Arab Emirates, Bahrain, and Sudan over the summer of 2020. Trade between Israel and the UAE has already begun, with Israeli produce being sold in Dubai.
Updated Monday, November 16, 2020 at 3:35 pm .