The strategic location of Palestine, the need for widespread infrastructure development, the presence of untapped new markets, in addition to the fact that the Palestinian economy is a private sector-based economy, are all factors which make it a fertile land with enormous investment potential.
The Palestinian economic strategy is based upon and fundamentally geared to external exports. Merging with regional and international organizations through a net of free trade agreements and membership in trade associations has already started. Objectives of the current plan concentrate on improving contacts with foreign markets and overcoming hurdles limiting movement of goods and people to those markets.
Supporting investment in Palestine does not only expand the local economy; it also assists in increasing employment rate in the private sector, raising income levels and improving living standards. Rising per capita income, if achieved hand in hand with a just, peaceful settlement may result in consolidating stability in the area. Prosperity in the West Bank and Gaza is god and rewarding both for us and for the future of the Middle East as a whole
The Palestinian Authority has issued a set of laws to encourage and support local and foreign investment in Palestine. These laws provide risk protection to prospective investors, improve their investment returns and offer them tax relief and reductions on income tax. The Investment Promotion Law encourages capital investment in the various economic sectors by all local and foreign companies registered to operate in Palestine.
For further information please visit http://www.pipa.gov.ps