Saudi Arabia Reportedly Will Invest In Israel Through Jared Kushner’s FundAffinity Partners, a new private-equity fund started by Jared Kushner, plans to
invest money from Saudi Arabia’s sovereign wealth fund in Israeli businesses, the Wall Street Journal reported, marking the first time the giant Saudi fund has invested in Israel, with which the Saudi government does not have a formal diplomatic relationship.
Affinity Partners has selected at least
two Israeli startups to invest in. Affinity Partners has raised more than $3 billion, which includes a $2 billion commitment from the
Saudi Public Investment Fund.After Saudi officials agreed Affinity Partners could invest in Israel, Kushner, who played a
leading role in the Middle East policy of his father-in-law Donald Trump’s presidential administration, met with dozens of companies ranging from agriculture to healthcare to software.
