PIPA’s BoD Discusses policies and tools to enhance the investment environment and project incentives
PIPA’s BoD meeting no. 82 and fourth meeting in 2017 held in PIPA premises chaired by H.E. Abeer OUDEH, various activities and proposals has been discussed to enable the investment environment in Palestine, line of incentives package contracts has been highlighted especially for ICT sector and the progress of the cabinet for endorsement, and the proposed incentives for the area called “c” and Jordan valley along with the package of incentives for the approved industrial zones, and the proposed incentives to enable investments in east Jerusalem.
In other hand and in line with its mandate PIPA,s BoD discussed the first external audit report (done by Talal AbuGhazaleh) and in alignment with PIPA’s law BoD discussed the progress of revamping and enabling the One Stop-Shop, and on the level of investment enabling environment a discussion on the Incentives Contract Package endorsed recently by the council of ministries in the meeting no. (161) on July 18th 2017 and the current activities and awareness sessions and future activities along with the process of preparing various sector value propositions.
Within the meeting no (82) PIPA’s BoD approved granting incentives to 9 projects 4 of them are development of current investments, and total registered investment reached 8 M USD that directly generates or maintains 259 Jobs, and its worth to mention that around 16% of registered investments generated from Palestinian expat from Australia, and 17% of the registered investment in Jericho Agro Industrial Park “JAIP”, and 5% as foreign direct investment from the Kingdom of Jordan.