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Palestine eyes agricultural boost

The Palestine Investment Fund announced the creation of a company to invest in the agriculture sector in line with the government’s plan to boost local production and decrease dependence on Israel.
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RAMALLAH, West Bank — The Palestine Investment Fund (PIF) is completing preparations to launch an agricultural investment company within four months. On April 30, PIF Chairman Mohammad Mustafa announced plans for the company, which will be controlled by Sharakat, the PIF’s investment arm for agriculture and human development.

The new organization will focus its activities on Area C, which includes most of the West Bank’s agricultural lands, constitutes around 60% of the West Bank and is under the administrative and security control of Israel. Prime Minister Mohammad Shtayyeh told Palestine TV on April 13, “[We] will deal with the Palestinian territories as agricultural clusters, and no one can prevent the government from operating in Area C because it is Palestinian land.”

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