Turkey to Boost Development in Palestine

Gaza's doors are opening to Turkish companies after Turkey and Israel's agreement on the normalization of ties. Out of a total of $5 billion in international funds for Palestinian development, $3.5 billion has been earmarked for Gaza, which has been under an Israeli blockade for 10 years, and the remaining $1.5 billion has been earmarked for Ramallah.

Turkish companies are expected to undertake at least $1 billion worth of projects in Gaza. The contract process for the Erez Industrial Zone in Jenin will start in September. The Turkish business world will take the first step with a strategic invigoration plan for Gaza, which has a population of 2 million living in 360 square kilometers.

The Israeli government will allow entrance and exit from the industrial zone to be established near the port in Jenin where Israeli, Palestinian and Turkish investors will operate and provide jobs for 10,000 people. Turkey will provide occupational training for Palestinians while Israel will provide electricity and water for the industrial zone.








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