Can West Bank break free economically from Israel?
The Palestinian government has decided to kick-start its economic disengagement plan from Israel in the city of Hebron.
GAZA CITY, Gaza Strip — Ever since Mohammad Shtayyeh assumed the post of prime minister of the Palestinian government on April 13, the government has been focusing on economic disengagement from Israel in the next few years.
To this end, the government has taken several measures in the city of Hebron in the southern West Bank, including a cooperation agreement that was signed July 2 between Minister of Labor Nasri Abu Jaish and head of the Hebron Chamber of Commerce and Industry Abdo Idris, in order to create new jobs by supporting a series of entrepreneurial and innovative ideas and funding them across the city.
On the same day, the government agreed to classify the Jaramoura industrial zone in the town of Tarqumiyah, southwest of Hebron, as a special industrial zone.
Minister of National Economy Khalid al-Osaily had revealed his ministry’s intention to adopt special regulations on the establishment of industrial cities, offering certain advantages in order to expand the productive base and attract more investments that achieve economic development. On May 30, Osaily announced the establishment of a holding company of a $100 million capital, with the participation of businessmen and investors from Hebron to invest in various productive economic sectors.
