WASHINGTON (Reuters) - The White House on Saturday outlined a $50 billion Middle East economic plan that would create a global investment fund to lift the Palestinian and neighbouring Arab state economies, and fund a $5 billion(3.92 billion pounds) transportation corridor to connect the West Bank and Gaza.
The "peace to prosperity" plan, set to be presented by White House senior adviser Jared Kushner at an international conference in Bahrain next week, includes 179 infrastructure and business projects, according to details of the plan and interviews with U.S. officials. The approach towards reviving the moribund Israeli-Palestinian peace process was criticised by the Palestinians on Saturday.