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Home World Middle East

Billionaire plans to establish Middle East parliament in Israel

9 August 2026
in Middle East
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Joseph J. Sitt, chairman and CEO of Thor Equities, has dedicated the past 20 years to restoring Jewish graves and ancient synagogues across several countries, including Syria, Algeria, Egypt, Lebanon, and Turkey. Sitt emphasizes the importance of honoring not just recent ancestors but also those from earlier generations, questioning why the ruins of significant religious sites should hold more value than the synagogues of the same era. Leveraging his relationships in these regions, he aims to establish a physical headquarters in Jerusalem for the Abraham Accords, a diplomatic initiative that normalizes relations between Israel and several Arab nations. He envisions this as a progression beyond mere agreements to create a unified organization, which he has dubbed the Abraham Organization, reflecting the shared heritage of Jews, Muslims, and Christians. Sitt’s background includes a diverse upbringing and a successful business career, having founded Thor Equities while still in college, which now manages substantial real estate assets globally.

Why It Matters

Sitt’s efforts to restore Jewish heritage sites and propose a centralized organization for the Abraham Accords highlight ongoing dialogues about interfaith relations in the Middle East. The Abraham Accords, signed in 2020, represent a significant shift in Arab-Israeli relations, as they have opened avenues for cooperation and dialogue. Establishing a physical organization in Jerusalem could symbolize a commitment to sustained peace and collaboration among diverse religious and ethnic groups in the region. This initiative may also influence how communities interact and perceive one another amid historical tensions, potentially fostering a more cooperative future.

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Tags: Abraham AccordsBillionaireEastestablishInterviewisraelMiddleMiddle EastNew YorkparliamentPlansReal estate
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