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U.S. Department of State

Diplomacy in Action

Palestine Investment Conference Generates $655M in Pledges, Grants and Initiatives for Economic Development

Media Note
Office of the Spokesman
Washington, DC
June 5, 2010


Arab business leaders and members of the international community attended the Palestine Investment Conference (PIC) June 2-3 in Bethlehem. The U.S. Presidential Delegation was led by George Mitchell, Special Envoy for Middle East Peace.

France, Italy, and the United States pledged a combined $655M for the development of the Palestinian private sector. These funds will target high-growth sectors, including information and communication technology, housing, and tourism.

These PIC pledges aim to strengthen the Palestinian economy, support institution building, and lay the foundation for a future Palestinian state. The 2010 PIC was the second in a series of investment conferences that continue to generate positive momentum for Palestinian economic development.

PRN: 2010/736


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