Responsible Party and Year Completed:The Palestinian Private Sector and the Palestinian
Link: TBC
Status: In Progress
Contact: Dr Samih Alabed – [email protected]
Executive Summary:
This initiative aims to foster infrastructure development in the West Bank, building on the model established by the Connected Gaza, Global Palestine project.
With the support of the Prime Minister’s office and contributions from international stakeholders including Saudi Arabia, Kuwait, and Qatar, the project focuses on vital areas like Jerusalem, emphasising the need for the Palestinian Authority (PA) to undergo comprehensive reform. Key sectors targeted for development include water, energy, transportation, and agriculture, utilising advanced GIS methodologies for strategic planning.
The project seeks to attract initial international investment by implementing regulatory reforms, particularly to boost housing and education in Jerusalem.
Short term priorities:
- Engage international investors for infrastructure projects, with a focus on Jerusalem, to secure initial funding and support.
- Conduct regulatory reforms to create an investment-friendly environment, addressing private sector concerns especially in housing and education.
Long term priorities:
- Establish a robust transportation network, including railways and major roads, to enhance connectivity within the West Bank and with Gaza.
- Focus on the development of the Jordan Valley and Dead Sea facilities to leverage agricultural and industrial potential.
- Expand urban boundaries to accommodate growth, contrasting with the static limits of towns and villages amidst expanding settlements.
Immediate Priorities / Proposed Next Steps:
- Prepare for the upcoming Bahrain meeting to present investment opportunities and linkages between Jerusalem, the West Bank, and Gaza.
- Finalise the project list for presentation to the PA and securing approval to proceed with implementation by February 14th.
- Coordinate with international banks and investment groups, like the Islamic Bank in Jeddah, to discuss funding mechanisms and investment returns, aiming for a collaborative investment approach with local and international partners.