$1b. pledged at Palestinian investment forum

The West Bank had 8 percent growth in the past year, as Israel eased restrictions on trade and movement.

June 3, 2010 06:35
1 minute read.
PALESTINIAN AUTHORITY President Mahmoud Abbas deli

abbas investment conference 311. (photo credit: AP)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


BETHLEHEM – Investors and donor countries have pledged nearly $1 billion worth of programs at the start of a two-day West Bank investment confereance.

The conference is part of the international community’s attempt to revive the West Bank economy and make the Palestinians less dependent on foreign aid.

The West Bank had 8 percent growth in the past year, as Israel eased restrictions on trade and movement. However, economists say much more could be done to unleash the potential of the Palestinian economy, battered by years of conflict with Israel.

The programs announced Wednesday included a $500 million fund offering long-term loans to prospective West Bank home owners. A $300m. plan to build West Bank power plants was also unveiled.

The last conference, held in 2008, brought in more than $1.4b. That money was invested in the new Palestinian city of Rawabi, which is under construction near Ramallah, and a new hotel in the West Bank.

The Civil Administration assisted the Palestinians in planning the conference and has issued more than 1,000 permits to allow businessmen from some 16 countries to cross into the West Bank and even travel to Israel.

Yaakov Katz contributed to this report.

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection


Cookie Settings