List of Palestine's Largest Investors, Including Saudi Arabia

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Adi Ahdiat 12/10/2023 12:33 WIB

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Amidst the bleak economic outlook for Palestine, several countries are investing in Palestine, including Jordan, Qatar, and Saudi Arabia.

Origin of Foreign Direct Investment in Palestine (2021)

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List of Palestine's Largest Investors, Including Saudi Arabia

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Origin of Foreign Direct Investment in Palestine (2021)

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Palestine has a very fragile economy.

This condition is described by the United Nations Economic and Social Commission for Western Asia (ESCWA) in its report, *Countering Economic Dependence and De-development in the Occupied Palestinian Territory* (2022).

According to ESCWA, Israel has monopolized Palestinian land and economic resources for decades.

"Since 1967, the Israeli government, through its military authorities, has implemented a series of policies and practices that restrict investment in Palestinian territories and narrow the scope of Palestinian economic activity," stated ESCWA in its report.

"This situation has eroded the Palestinian economy. Data and trends show that Palestine has lost its economic viability and sustainability," it continued.

However, despite this bleak outlook, some parties are still willing to invest in Palestine.

Based on data from the Palestinian Central Bureau of Statistics (PCBS), in 2021 Palestine received US$1.97 billion in foreign direct investment (FDI).

The largest source of investment was Jordan, with US$1.6 billion in direct investment.

Other major investors in Palestine include Qatar, Saudi Arabia, Egypt, Cyprus, and the United Arab Emirates (UAE), with details as shown in the graph.

In 2021, the majority (64.3%) of foreign investment in Palestine flowed into the financial intermediation sector.

This sector is operated by banks/financial institutions that collect funds and then channel them in the form of loans to those in need.

Other sectors receiving foreign investment in Palestine include transportation, warehousing, communication, and trade (30%), the industrial sector (3.5%), and construction (2.2%).

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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List of Palestine's Largest Investors, Including Saudi Arabia

List of Palestine's Largest Investors, Including Saudi Arabia

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