Works on the rehabilitation of Gaza’s industrial city, known officially as the Gaza Industrial Estate, that was destroyed during the May 2021 Israeli war on the Gaza Strip are ongoing as part of a self-financed project by Bashar Masri, a Palestinian businessmen and chairman of the Palestine Development and Investment Company (PADICO).
Masri has self-financed $1 million for the project, which would be carried out by PADICO under an agreement announced May 25 in Gaza City.