Home > France, Italy, Palestinian Authority, United States of America, West Bank > France, Italy and U.S. pledge $655 million for Palestinian private sector

France, Italy and U.S. pledge $655 million for Palestinian private sector

BETHLEHEM, Palestinian Authority (Press Release)–Arab business leaders and members of the international community attended the Palestine Investment Conference (PIC) June 2-3 in Bethlehem. The U.S. Presidential Delegation was led by George Mitchell, Special Envoy for Middle East Peace.

France, Italy, and the United States pledged a combined $655M for the development of the Palestinian private sector. These funds will target high-growth sectors, including information and communication technology, housing, and tourism.

These PIC pledges aim to strengthen the Palestinian economy, support institution building, and lay the foundation for a future Palestinian state. The 2010 PIC was the second in a series of investment conferences that continue to generate positive momentum for Palestinian economic development.

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Preceding provided by U.S. State Department

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