David Friedman, the US ambassador to Israel, said that it is better for the Israeli government to attract infrastructure investments from the United Arab Emirates rather than attract investments from China.
Friedman said in an interview with Bloomberg TV, hours before the signing of a historic agreement between Israel and the United Arab Emirates, on Tuesday, that the Emirati money is “better and safer capital”.
“I think it is a great opportunity for Israel to secure sources of the capital it needs without putting itself, its security, and frankly our security also at risk,” he added.
Bloomberg News reported that Israel, like many other countries, is facing increasing pressure from the United States to prevent the entry of Chinese investments in sensitive areas of the Israeli economy.
Israeli and Emirati officials expect that the agreement to be signed between the two countries at the White House, on Tuesday, will lead to a major movement in the field of investment and trade between the two countries.
There are indications that these investments may include investment in strategic infrastructure projects in Israel.
Israeli Finance Minister Israel Katz said that an Emirati port company is interested in buying a port in northern Israel.