The Palestinian National Authority (PNA) created different institutions to develop and promote investments, including the Palestinian Investment Promotion agency (PIPA) and the Palestinian Industrial Estate and Free Zone Authority (PIEFZA). In addition, the PNA has created a framework of economic laws to encourage local investments and attract foreign direct investment to Palestine. These laws include: the Law on the Encouragement of Investment, the Industrial Estates and Free Zones law, the Capital Markets Authority Law and the Palestinian Monetary Authority Law. Moreover, the PNA has established an effective network of free trade agreements and trade associations that helped expose Palestine to the rest of the world’s economies.
The Palestinian private sector plays a key role in the economic development process and works closely with the PNA. The vibrant private sector in Palestine employs high numbers of the labor force, and has achieved notable growth despite the continuous Israeli restrictions and barriers.
Despite the challenging political and economic situation in Palestine, the Palestinian economy has shown a remarkable degree of resilience, and managed to accomplish remarkable results compared to other developing countries in the region.
For more information about the Palestinian economy and the investment opportunities in Palestine: