Home » Under Secretary for Public Diplomacy and Public Affairs » Bureau of Public Affairs » Bureau of Public Affairs: Office of Press Relations » Press Releases » Press Releases: 2010 » Press Releases: June 2010 » Palestine Investment Conference Generates $655M in Pledges, Grants and Initiatives for Economic Development
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.
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