2nd edition of the European Union – Palestine Investment Review

The EU – Palestine Investment Review details and analyses all investment projects promoted by the EU as part of its Economic and Investment Plan, along with the EU Member States and European Financial Institutions, collectively forming ‘Team Europe’ in Palestine. On the occasion of the first ever EU – Palestine Business Forum held in Ramallah in December 2022, the EU issued the second edition of the Investment Review. It reveals that over the last years European partners stepped-up their investments into the Palestinian economy. Of the total amount of EUR 1.82 billion, around 60% were committed only in the last two years showing a remarkable growth in mobilisation of finance for Palestine. The overall investments mobilised by Team Europe represent more than 10% of the Palestinian annual GDP. The big bulk of investments is dedicated to boosting access to finance for SMEs, the backbone of the Palestinian economy. Another significant area of investment is finance for energy, including renewables, energy infrastructure as well as energy efficiency.

The second edition of the Investment Review was discussed during the 4th senior officials meeting of the EU – Palestine Investment Platform. The Platform was established by the EU and PA in an effort to foster policy dialogue on investment and to help better identify, prioritise, coordinate and promote investment opportunities that the EU External Investment Plan offers through its many instruments in Palestine. This time it was held back-to-back with the Business Forum, which brought together some 300 business leaders, bankers, investors and government representatives. The main objective of the Business Forum is to better mobilise private and institutional investors towards the Palestinian economy by means of establishing an avenue for public-private dialogue in the framework of the EU – Palestine Investment Platform.  The new Business Forum will help expand the engagement of the private sector in the workings of the Platform, it will offer the business community a forum to engage with policy makers on strategic priorities and policies for investment, to learn about prospective investment opportunities and available financing possibilities. The Platform was established by the EU and PA in an effort to foster policy dialogue on investment and to help better identify, prioritise, coordinate and promote investment opportunities that the EU External Investment Plan offers through its many instruments in Palestine.