During a high level policy meeting, the first edition of the European Union – Palestine Investment Review was presented, outlining Team Europe investments at a remarkable amount of EUR 1.42 billion, which forms over 10% of the Palestinian gross domestic product.

The Investment Review details and analyses all investment projects promoted by the EU as part of its Economic and Investment Plan, EU Member States and European Financial Institutions, forming Team Europe in Palestine. It reveals that over the last years European partners stepped-up their investments into the Palestinian economy. Of the total amount of EUR 1.42 billion, around 60% were committed only in the last two years showing a remarkable growth in mobilisation of finance for Palestine.

The overall investments mobilised by Team Europe represent more than 10% of the Palestinian annual GDP. The big bulk of investments is dedicated to boosting access to finance for SMEs, the backbone of the Palestinian economy. Another significant area of investment is finance for energy, including renewables, energy infrastructure as well as energy efficiency.  

The European Union Representative, Sven Kühn von Burgsdorff, said: ‘Around one year ago, together the Palestinian Prime Minister we launched a new join policy forum to foster European investment in Palestine, the EU – Palestine Investment Platform. Today we see a very positive trend of increasing volumes of quality investment by European partners through their development banks and financial institutions in cooperation with their Palestinian counterparts, working across different sectors of economy, contributing to job creation and tackling climate change, sustainable growth and welfare.’

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Press release