National Early Recovery and Reconstruction Plan for Gaza 2014-2017_FINAL...
National Early Recovery and Reconstruction Plan for Gaza 2014-2017_FINAL...
National Early Recovery and Reconstruction Plan for Gaza 2014-2017_FINAL...
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19<br />
1.4 The Private Sector: A Key Role in Economic Revival<br />
<strong>Gaza</strong>’s businesses have previously been amongst the most productive in Palestine, <strong>and</strong> its residents have remained dynamic <strong>and</strong><br />
resilient. Strong opportunities <strong>for</strong> medium- <strong>and</strong> long-term growth in <strong>Gaza</strong> exist in various areas, including the manufacturing,<br />
technology, agriculture, tourism, energy, <strong>and</strong> construction sectors. <strong>Gaza</strong> enjoys a number of assets <strong>and</strong> sources of strength,<br />
including a substantial young, highly literate, <strong>and</strong> entrepreneurial labor <strong>for</strong>ce, a strategic geographic location in a narrow l<strong>and</strong><br />
corridor between North Africa <strong>and</strong> the Middle East, coastal assets that could be developed <strong>for</strong> year-round tourism, <strong>and</strong> significant,<br />
yet-to-be-developed energy resources. Under different conditions, <strong>Gaza</strong>-based businesses can trans<strong>for</strong>m the coastal region <strong>and</strong><br />
Palestine into a hub <strong>for</strong> trade of goods <strong>and</strong> services, servicing markets in Europe <strong>and</strong> the Middle East.<br />
Palestinian companies will play a key role in the recovery <strong>and</strong> reconstruction ef<strong>for</strong>ts, both as ‘implementers’ of interventions <strong>and</strong><br />
recipients of assistance if relevant. The Government will provide the proper enabling environment <strong>for</strong> the private sector to work<br />
efficiently. While implementing this <strong>Plan</strong>, priority will be given to creating favorable conditions <strong>for</strong> local economic development<br />
through the activation of the private sector. The Government will leverage the private sector via Public Private Partnerships (PPP)<br />
in infrastructure development. It will seek to put in place an enhanced range of financing <strong>and</strong> insurance mechanisms <strong>for</strong> those<br />
who invest in <strong>Gaza</strong>. In addition, it will harmonize West Bank <strong>and</strong> <strong>Gaza</strong> laws <strong>and</strong> provide incentives <strong>for</strong> investment in <strong>Gaza</strong> through<br />
the introduction of specific initiatives.<br />
While various interventions are planned <strong>for</strong> the revitalization of the private sector, this objective cannot be achieved without<br />
ensuring the removal of the blockade <strong>and</strong> access <strong>and</strong> movement restrictions, allowing <strong>for</strong> normal trade between <strong>Gaza</strong> <strong>and</strong> the<br />
West Bank, neighboring countries, <strong>and</strong> world markets.