RAMALLAH, April 23, 2026 (WAFA) – The Palestinian Industrial Estates and Free Zones Authority (PIEFZA) launched a new incentives program aimed at boosting investment in industrial areas, during a ceremony held at the Prime Minister’s Office in Ramallah and attended by Prime Minister Mohammad Mustafa.
The program was launched in partnership with the European Union, which is contributing approximately €9 million in funding. This initiative supports the government's efforts to stimulate investment in industrial estates and zones across the Palestinian territories and to promote sustainable industrial development.
The program aims to provide financial and non-financial incentives to companies wishing to relocate to or expand within industrial zones. This will contribute to increased productivity, improved product quality, the creation of new job opportunities, and support for exports and the competitiveness of the industrial sector.
In his address, the Prime Minister emphasized the importance of the program, describing it as a strategic step to strengthen the private sector's role in driving industrial and economic growth, supporting the government's commitment to sustainable development, enhancing the resilience of Palestinian industry in the face of challenges, and creating new job opportunities for Palestinians.
“We believe that economic resilience is a cornerstone of our national struggle,” Mustafa said. “Every enterprise that continues production, and every worker who perseveres despite the circumstances, contributes to safeguarding national dignity and strengthening economic independence.”
For his part, Minister of Industry Arafat Asfour emphasized the pivotal role of industrial cities as key drivers of economic sovereignty, stating, "Industrial cities are not merely geographical spaces; they represent a fundamental pillar in our strategic plan to bolster national production and break free from economic dependence."
In turn, Deputy EU Representative James Rizzo affirmed the EU's commitment to supporting the Palestinian government, noting that the program reflects the depth of the ongoing partnership in supporting industrial development, empowering the private sector, and creating an attractive and sustainable investment environment.
During the launch ceremony, Khaled Al-Amleh, CEO of the Palestinian Industrial Estates and Free Zones Authority (PIEFZA), presented a detailed overview of the program, outlining its objectives, components, implementation mechanisms, and its anticipated role in developing industrial zones in Palestine and enhancing their capacity to attract high-quality investments.
The event also featured a success story from a company benefiting from the program's second phase, Allison Pharmaceuticals, which invests in the Jericho Agro-Industrial Park. Chairman of the Board, Mohammed Hamdan, praised the program’s support for the company’s investments.
The program is expected to contribute to strengthening PIEFZA's ability to develop and manage industrial zones efficiently, and to support industrial companies in adopting modern technologies and expanding their production activities, in line with national development priorities.
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