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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

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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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