Can Palestine be transformed into investment hub?
Foreign investments in Palestine accounted in 2017 for $1.5 billion, mostly in the tourism and banking sectors, with Palestine offering a range of encouraging incentives.
GAZA CITY, Gaza Strip — Palestinians officials are planning to meet soon to address ideas for attracting more foreign investment and working to make Palestine an investment hub.
Saleh Rafat, a member of the Palestinian Liberation Organization's (PLO) executive committee, confirmed June 4 to Voice of Palestine that the PLO Central Council would meet after Eid al-Fitr to discuss the economic disengagement from Israel.
The Executive Committee had originally been scheduled to meet June 3 to implement the decisions taken during the 23rd session of the four-day Palestinian National Council (PNC) meeting April 30, on developing mechanisms to define relations with Israel, supporting national products and increasing investments in Palestine. No new date has been set for the next Executive Committee meeting.
For the first time, the PNC had allowed the participation of Palestinian businessmen abroad to discuss investments in Palestine, including how to develop the economic situation in the country and ideas on how to support and strengthen the economy and national products.
