Syndicate content

West Bank and Gaza

The Palestinian Private Sector: Resilience in the Face of Harsh Conditions

Layali H. Abdeen's picture

I recall the first time I visited Nakheel Palestine for Agricultural Investments Company fields at Jericho two years ago, when MIGA was still at the early stages of underwriting the project constituting planting date trees. packing dates for Nakheel Palestine for Agriculture Development The land was empty and, at the first glance, the first thought that came to mind was “how can this be developed into arable land?” When MIGA’s Executive Vice President Izumi Kobayashi visited the site for the first time a couple of weeks ago, we found ourselves in fields filled with baby date trees that have beautified the land with their green leaves. And in a tour in the packing facility of the project, we saw how young female workers were sorting and packing the dates, realizing that each of these workers is supporting a household of minimum five members in a very impoverished area.

Investing to Build a State

Layali H. Abdeen's picture

A few weeks ago, I attended the launch ceremony of theGaza. City. Photo: © Natalia Cieslik / World Bank new Palestine Capital Growth Fund, a subsidiary of the multibillion-dollar, Dubai-based private equity fund Abraaj. I found that many people questioned why   Abraaj would operate in the Palestinian Territories. Some would even describe such a move as a pure act of  social responsibility. But it is not.