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Article: Warmed up with nowhere to run. (Palestinian private sector)(MEED Special Report: Palestine)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- August 18, 1995
CopyrightCOPYRIGHT 1995 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Palestinian private sector remains remarkably optimistic about the future despite the slow progress of negotiations between Israel and the PLO. Much of the enthusiasm comes from the West Bank where businesses are eagerly awaiting the start of self rule. Since the PNA currently has virtually no capital of its own to invest in the economy, the private sector is being offered the task of developing the Palestinian economy and executing major infrastructure projects.
At the forefront of private sector activity has been the Palestine Development & Investment Company (Padico) which was established in 1993 with a capital of $200 million by prominent Palestinian business ...