August 2010


Main reports: The Multilateral Investment Guarantee Agency (MIGA) has appointed a local representative to raise awareness about its Investment Guarantee Trust Fund. Eligible investors can apply for risk insurance to cover projects in the Palestinian Territory of up to $10m.

The cornerstone of the new $400m Ersal Commercial Centre in Ramallah was laid on 22 July. The Ersal Centre will include offices, housing, entertainment facilities, shops and hotels.

An 18-month pilot project has been launched to support the development of the IT sector in Gaza. Firms can apply for financial assistance to support product development. Regional markets for export will also be identified.

The EU has announced a new financial aid package of €71m for the Palestinian Territory in 2010. This is in addition to the existing commitment of €158.5m.