A Step Closer to Normalization: Saudi Companies Planning Investment in ‘Israel’ through Bahrain

By Staff, Agencies

The ‘Israeli’ media claimed on Sunday that Saudi Arabian companies are planning to invest in the occupied territories through Bahrain, a source that has the knowledge about the matter provided the information. According to The Jerusalem Post sources: “It’s very interesting and a sign of how sentiment about ‘Israel’ is changing” in Saudi Arabia, bringing it one more step closer towards normalization with the occupation entity.

Several Saudi companies are considering business transactions, said the source, who was in Bahrain last week. The investors are mostly interested in ‘Israeli’ hi-tech. Without identifying the source, influential ‘Israeli’ media has reported that the representatives for companies involved declined to speak on the record about the matter.

According to the ‘Israeli’ newspaper, Bahrain’s economy is heavily dependent on Saudi Arabia, making it an easy conduit for Saudi businesspeople to connect to the Zionist entity. Bahrain and the Tel Aviv regime announced in September this year establishing diplomatic relations within the framework of the so-called Abraham Accord.

The UAE, Sudan and Morocco took similar steps subsequently in recent months. Since the announcement, Manama and Tel Aviv have exchanged official delegations, and Bahrain’s foreign minister and minister of industry, commerce and tourism visited the ‘Israeli’-occupied territories.

The representatives of the Federation of ‘Israeli’ Chambers of Commerce and its Bahraini counterpart signed a memorandum of understanding for business cooperation in the following month.