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President Trump on Thursday announced what he called a “Historic Peace Agreement” between Israel and the United Arab Emirates, saying they agreed to “full normalization of relations.”

“HUGE breakthrough today! Historic Peace Agreement between our two GREAT friends, Israel and the United Arab Emirates!” Trump tweeted Thursday morning.

The president, Israeli Prime Minister Benjamin Netanyahu and Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates Sheikh Mohammed Bin Zayed released a joint statement Thursday, after the three spoke “and agreed to the full normalization of relations between Israel and the United Arab Emirates.” The statement said that the “diplomatic breakthrough” was at “the request of President Trump,” and that Israel will “suspend declaring sovereignty over areas outlined in the President’s Vision for Peace and focus its efforts now on expanding ties with other countries in the Arab and Muslim world.”

Israel and the UAE also said they will continue their efforts to “achieve a just, comprehensive and enduring resolution to the Israeli-Palestinian conflict.”

“This historic diplomatic breakthrough will advance peace in the Middle East region and is a testament to the bold diplomacy and vision of the three leaders and the courage of the United Arab Emirates and Israel to chart a new path that will unlock the great potential in the region,” the statement read. “All three countries face many common challenges and will mutually benefit from today’s historic achievement.”

Delegations from Israel and the UAE are expected to meet in the coming weeks to “sign bilateral agreements regarding investment, tourism, direct flights, security, telecommunications, technology, energy, healthcare, culture, the environment, the establishment of reciprocal embassies, and other areas of mutual benefit.” “Opening direct ties between two of the Middle East’s most dynamic societies and advanced economies will transform the region by spurring economic growth, enhancing technological innovation, and forging closer people-to-people relations,” the statement also read.

Trump on Thursday said he had a call with Israel and the United Arab Emirates. The president told reporters Israel and the UAE will “begin cooperation across the board,” along with exchanging embassies and ambassadors. The president said he expected other countries to follow the UAE’s lead on this effort to cooperate with Israel going forward.

The president said the action would be known as the “Abraham Accord,” named for the “father of all three great faiths.”

“No person better symbolizes the potential for unity of these three great faiths,” U.S. Ambassador to Israel David Friedman said from the Oval Office Thursday.

The president went on to joke that he “wanted to call it the Donald J. Trump accord,” which received laughs in the room.

“I didn’t do that,” Trump added, again touting the historic importance of the agreement.

“We are already discussing this with other nations,” Trump said. “So, you will probably see others of these.”

The president went on to cheer his senior adviser and son-in-law Jared Kushner for his efforts in securing the agreement.

“The president, like with all things, urged us to take an untraditional approach,” Kushner said Thursday. “You can’t solve problems that have gone unsolved the way people have done before you and failed.”

Kushner said the president “tries to unite people focusing on common interest as opposed to common grievances.”

“We were able to achieve results others could not achieve,” Kushner said. “This will advance the region and advance the world.”

Meanwhile, Israel’s ambassador to the United States Ron Dermer tweeted shortly after the agreement was announced saying: “A great day for peace! Israel commends the courage of MBZ for the historic decision of the UAE to join Egypt (1979) and Jordan (1994) in making peace with Israel. Israel deeply appreciates all. @POTUS Trump has done to make this breakthrough possible. More to come!”

Secretary of State Mike Pompeo touted the “vigorous diplomatic outreach” by the president, Israel and the UAE.

“The United States congratulates Israel and the Emirates for this remarkable achievement, which is a significant step forward for peace in the Middle East. Blessed are the peacemakers. Mabruk and Mazal Tov,” Pompeo tweeted.

This is a developing story; check back for upates.