EU and Japan partnership for the Jericho Agro Industrial Park incentives programme

October 31, 2018
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The Japanese Government has provided over €260,000 to support Ostry for Agriculture Development Company operating in the Jericho Agro Industrial Park (JAIP). Ostry produces eggs and fruits carton trays from recycled carton and paper. This company is the tenth beneficiary under the Palestinian Authority’s Partnership for Regional Investment, Development & Employment (PRIDE) Programme of Incentives to JAIP. The Japanese contribution is being channelled through the PEGASE mechanism.

In order to attract investment in JAIP, the Palestinian Authority (PA) is offering a range of incentives, including tax breaks to its tenants. In this context, it has established a programme called PRIDE to provide financial assistance to JAIP tenants to help them start their operations in the park. The EU uses its PEGASE programme aimed to channel funds to the abovementioned PA PRIDE programme (EU support: EUR 2 million, Government of Japan support: EUR 3.2 million). The programme provides financial assistance to eligible JAIP tenants to purchase equipment, machinery, tools and building materials for their operations in the park.


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