Palestinian Authority sets up industrial area in Gaza

The Palestinian Authority (PA) will inaugurate at the beginning of next year the project of the industrial area in Gaza, which is the first project implemented by the Palestine Company for Development and Investment (PCDI). The PA recently established the Palestinian Company for establishing and Running the Industrial Areas.

PCDI concentrates on the feasibility of investment in Palestine and strengthening the Palestinian economy as necessary to create a strong Palestinian country. The director of the investment department in PCDI mentioned that the company will set up the project of the industrial area which will affect the self-rule areas especially as it will create a favorable environment for national and foreign investors.

Work to establish the project, which will cost $8.5, million has started. The project will provide 5,000 job opportunities in its first phase. The volume of investment in the project is expected to reach $500 million and it will provide 188,000 job opportunities.