Sitt, the founder and CEO of New York real estate firm Thor Equities, calls the idea the Abraham Organization. Unlike the current Abraham Accords, which are agreements between countries, his plan would create a real institution with a building, staff and permanent address on Israeli soil.
The idea is backed by relationships Sitt has spent decades building across the Middle East. For about 20 years, he has personally funded the restoration of Jewish cemeteries and ancient synagogues in countries including Syria, Egypt, Lebanon, Algeria and Turkey. That work helped him develop ties with senior officials and business leaders across the Arab world.
Sitt says he wants Jerusalem to become a place where Israel and neighboring countries can meet directly instead of always depending on Washington to bring them together. He believes the United States can help start the process, but that Middle Eastern countries should eventually build their own long-term relationships.
His business reach gives the plan extra weight. Thor Equities manages about $20 billion for sovereign wealth funds, governments and private investors around the world. Sitt also says he wants to bring more international investment into Israel and connect wealthy Israelis with major Jewish and global investors abroad.
Despite the war and instability in the region, Sitt remains strongly confident in Israel’s future. His bigger vision is to use his business network, Arab relationships and financial influence to help make Jerusalem a permanent center for Israel’s growing ties across the Middle East.