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International Business Times
International Business Times
Business

Israel Approves Major West Bank Settlement Project

Israel West Bank Bezalel Smotrich United Nations Antonio Guterres Jerusalem E1 Finance
Israel's far-right Finance Minister Bezalel Smotrich last week backed plans to build some 3,400 homes on the ultrasensitive parcel of land (Credit: AFP)

Israel approved a major settlement project on Wednesday in an area of the occupied West Bank that the international community has warned threatens the viability of a future Palestinian state.

Israel has long had ambitions to build on the roughly 12-square-kilometre (five-square-mile) parcel known as E1 just east of Jerusalem, but the plan had been stalled for years amid international opposition.

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