Palestine Economy Portal

The Palestinian government has welcomed Turkish President Recep Tayyip Erdoğan's decision to establish an industrial zone in the West Bank city of Jenin.

Speaking to Anadolu Agency, Palestinian Economy Minister Khaled Al-Osaily said the Turkish support amounts to $10 million and is meant for the internal structure of the industrial zone.

“There is a plan for Turkish factories to operate in the [industrial] zone,” Al-Osaily said.

According to the Palestinian minister, the industrial zone will be implemented in two phases: The first is financed by Germany at a cost of about 24 million euros, and includes all external infrastructure and is likely to be completed by mid-2021.

The second phase, which targets the internal infrastructure, is financed by Turkey and will cost about $10 million. It is expected to be ready soon.

On Feb. 13, the Turkish Official Gazette published a decision by Erdoğan to permit the Union of Chambers and Commodity Exchanges of Turkey (TOBB) to establish an industrial zone in Jenin.

Al-Osaily extended his thanks to the Turkish president, government and people "for their political stances and for supporting the Palestinian economy”.

Expressing hope that the presence of Turkish factories will boost Palestinian exports, Al-Osaily also expects the creation of about 5,000 direct job opportunities and 15,000 indirect jobs in the process.

The idea of establishing a free industrial zone in Jenin began in 1999 but stalled several times before it was practically started last year.

The planned industrial zone extends over 1,100 dunams (a dunam equals 1,000 square meters), and is located about three kilometers north of Jenin's city center.

Food factories, textile factories, and factories for car installation will be built on it.