A statement by the four leaders said that the UAE will invest two billion dollars in developing food complexes in India.
A joint statement issued by the four countries stated, "The parties reaffirm our support for the Abraham agreements and other peace arrangements, and the establishment of relations with Israel," considering that these agreements provided economic opportunities, including strengthening economic cooperation in the Middle East and South Asia.
The statement added that the United States and Israel intend to work with the UAE and India to highlight private sector opportunities, and that the four parties seek to mobilize private sector capital and expertise to modernize infrastructure and promote low-carbon development paths for their industries.
The statement added that the four parties discussed innovative ways to ensure longer-term and more diversified food production, and welcomed Israel's ability to serve as a hub connecting new partners and hemispheres to strategically address challenges.
A statement issued by the White House indicated that the group's initiatives will focus in particular on food security and clean energy, explaining that "in the food security sector, the UAE will invest two billion dollars to develop a chain of integrated food complexes across India."
India will provide suitable land for the project and will facilitate the integration of farmers into food gardens.
The private sectors in the United States and Israel will be invited to offer their expertise and provide innovative solutions that contribute to the overall sustainability of the project.
Lapid said at the opening of the meeting, according to a statement issued by his office, that "this group (which is known as I2U2) was born during a dinner at the home of the UAE ambassador in Washington several months ago.
And we sat around the table and talked about that after we control the epidemic (Corona), whoever tries to go back to what was prevalent will fail.
Whoever realizes that we live in a new world with new challenges will succeed and prosper.”
"Since the outbreak of the war in Ukraine, each of us has had to face the crisis at the local level," Lapid added.
Its impact on the cost of living is immediate and dramatic, and there are political implications. Real solutions will only come through cooperation between countries that are able to put their mind, experience and resources into place."
"This is not a charitable group. We want to change the world for the better, but we also create here a competitive advantage for our countries, our trade and our expertise," he said.
In both of the aforementioned projects, local and technology companies are now involved. The goal is that the private market will be a full partner in this initiative."