Business opportunities in the West bank galore yo!
NABLUS, West Bank -- Palestinian businessmen concluded their one-day Palestine Investment Conference "north forum" in the West Bank city of Nablus with a package of seven investment projects with a total value of $510 million.
Five of the projects were in the infrastructure sector, one in industry, and one to finance investments. All are concentrated in the northern part of the West Bank where the Palestinian Authority (PA) has proved, over the course of this year, its ability to impose law and order.
The biggest project was the power plant planned for the northern parts of the West Bank with a capital of $300 million shared among several investors.
$510 mil. that ain't chump cabbage.
This is what I'm talkin' about yo! Ye who hath the spirit to create rocks! The entrepeneurial spirit in the Palestinian people knows no bounds. Let that spirit be unleashed I say!
You want more? here's more!
Second is an iron factory in the West Bank city of Jenin with a capital of $100 million, of which $15 million has been allocated to begin the first phase of the galvanized iron plant.
A fund to revive the economy of the northern parts of the West Bank was launched at a cost of $50 million to be funded by the PA, the private sector and donors.
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the Palestinians tried to convince their Arab counterparts and Palestinians living in the diaspora of the opportunities available in the Palestinian territories and especially in the northern parts of the West Bank.
http://www.metimes.com/...
Now we're seeing some state building in action. Good local security translates into a safer envoroment, translates into investment opportunities, translates into peaceful, successful, moderate, happy productive people.....perfect
jesus this has been a long time in coming. keep your eyes on the prize yo.
More good news from the Bank, West Bank that is. mega bombshell 5 million dollar store opening up and more to follow. Now we're seeing some of the fought for and tirelessly worked for improvements in the WB under PM Fayyad's guidance.
The skies lit up over Jenin last month, and it wasn't tracer bullets or flash bombs but celebratory fireworks, set off to mark the occasion of the opening of Hirbawi Home Center, a new luxury establishment on the city's outskirts.
The five-story building near the Jalame checkpoint cost $5 million to build, says its owner, and it is filled with deluxe, foreign-made products seen mostly in the pages of newspaper supplements.
This shopping opportunity is intended to interest the upper crust of Jenin, and while some might think the proposition suggests financial suicide, the profit forecasts for the project have been so favorable the owner plans to open four more shops in the West Bank and one in Jordan.
The next city to enjoy a Hirbawi Home Center is Ramallah, where one is already in partial operation; then Hebron, Tul Karem and Nablus.
"It may sound mad to outsiders," says the chain's CEO, Ziad Turabi, "but to us it makes perfect sense. We believe we can make a very handsome profit. Many people in the occupied territories have money but they have nowhere to spend it if they're after quality. We offer them the best quality there is."
This may not sound like the familiar description of the occupied territories - the impoverished Palestinian village or the overcrowded refugee camp, a population sustaining itself on international aid. But it turns out that quite a few Palestinians consider a plasma screen, a surround sound stereo and comfortable chairs to be fairly essential items.
http://www.haaretz.com/...
let the games begin!
moon