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TunisiaEU launches programme to boost private sector development in the Gaza Strip
November 10, 2016
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The European Union and the United Nations Development Programme (UNDP) launched a new programme to rehabilitate and consolidate the Gaza Industrial Estate (GIE), intended to work as a catalyst for industrial development in Gaza once fully operational.
The new programme to be implemented by the UNDP over a period of twenty months, is funded by the EU with a budget of EUR 2.4 million, as part of a wider EUR 10 million package that aims at promoting inclusive, sustainable, private sector-led economic development.
Against the challenging background of the private sector in the Gaza Strip, the programme aims to reinforce the GIE electrical, wastewater and water systems. This would ensure these facilities are operational, enhancing GIE’s competitiveness and its capacity to attract new companies and generate new jobs. Ultimately, the programme would improve Gazan companies’ prospects for sustainable development and economic growth.
“Our programme with UNDP in Gaza is ought to stimulate sustainable economic development that would create jobs and improve the lives of people,” said EU Representative Ralph Tarraf.
The project will benefit the GIE existing and future tenants. About 2000 entrepreneurs and workers are currently based in GIE. The project also intends to benefit the people of Gaza in general by supporting industrial development and increase employment opportunities.
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EU Neighbourhood Info Centre webpage – Palestine
The European Union and the Palestinians – Facebook page
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