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Palestinian businessman seeks self-funded projects to support Gaza economy

An agreement of $1 million was signed to restore industrial facilities that were destroyed in the May 2021 war on Gaza, which came as a glimmer of hope for the stricken industrial city.
Palestinian laborers work at a stone quarry during International Workers Day, Gaza City, Gaza Strip, May 1, 2021.

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.

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