US Pledges $3 Billion Investment in Morocco Following Israel Normalization Deal

In addition to the recognition of the Moroccanness of the Sahara, Morocco would also have obtained a large financial gain as part of the normalization of its relations with Israel, reports New York Times. The media, which discloses the information contained in a report, cites a senior Trump administration official and two Moroccan officials.

This report indicates that the U.S. International Development Finance Corporation - a U.S. government agency formed last year by President Donald Trump - was also considering investments worth up to $3 billion for Moroccan banks, hotels and the renewable energy company owned by King Mohammed VI.

According to the U.S. official, this was not related to the normalization agreement with Israel. The report also states that the agreement was concluded with the help of Moroccan Jewish investor Yariv Elbaz. He has businesses in Israel and acted as an "intermediary".