It comes six years after an Israeli raid on a Gaza-bound flotilla that killed 10 Turkish activists.
As well as a multi-million dollar compensation package for the victims, there’s also the prospect of a potentially lucrative economic deal between the two countries.
The announcement was made by both countries’ prime ministers in separate announcements: in Ankara, and in Rome, where Israeli Prime Minister Binyamin Netanyahu was visiting.
Relations between the allies imploded six years ago after an Israeli naval raid killed ten Turkish activists on board an aid ship, the Mavi Marmara, trying to breach Israel’s blockade of the Hamas-controlled Gaza Strip.
Now, the two countries will restore full diplomatic relations.
Israel will pay US$20 million in compensation to the activists’ families, and it will allow Turkey to carry out a series of aid projects in Gaza, including a power plant, a 200-bed hospital and a water treatment plant.
The full story can be found at SBS Radio.