Ramallah - "Jerusalem" dot com - In the presence of the Chairman of the Board of Directors of PADICO Bashar Al-Masri and the Undersecretary of the Ministry of Economy and Chairman of the Board of Directors of the Investment Promotion and Industrial Cities Authority in Gaza Abdel Fattah Al-Zari'i, an agreement was signed to build the facilities that were destroyed in Gaza Industrial City during the recent aggression. The construction tender was awarded to Al-Bayan Trading, Industry and Contracting Company, for which nine major local companies competed.

This agreement comes to enhance PADICO's investments based on the vision of its board of directors of the need to continue trying to improve the economic situation in Gaza through more investment in the industrial city, which is one of the most important economic landmarks in it, as it provides factories with various services and infrastructure facilities, the most important of which is the generation of electric power from energy solar panels at a lower rate.

Commenting on the agreement, Al-Masri said: "The Gaza Strip needs the contribution of all Palestinians to support the national economy in light of the challenges and bitter conditions that our steadfast people have been living through for many years, in which they have been deprived of the most basic necessities of life."

He added: "This step aims to develop the industrial city and raise the level of its services, and participate in supplying the local economy in the sector by providing an investment environment with a high level and advanced standards, through which we aspire to provide job opportunities for our youth in Gaza, as they are the basis for building the nation and the real capital that we are proud of." He expressed his confidence that this step will contribute to motivating entrepreneurs again to work and invest in the sector.

For his part, Al-Zuraie said: "We appreciate PADICO's role in continuing to invest and stimulating the economic movement through huge projects in light of the challenges and obstacles that limit the demand for capital to invest in the Gaza Strip."

He added that the presence of the company's board chairman, Bashar Al-Masry Al-Youm, in Gaza confirms the willingness of some major investors to take risks to support their country, calling on the Palestinian national investor to visit the sector and invest in it.

Under this agreement, Al-Bayan Trading, Industry and Contracting Company will carry out construction work for all destroyed facilities in Gaza Industrial City, according to international specifications and standards and under the supervision of a specialized engineering cadre of young Gaza women and men.

Gaza Industrial City is the first city of its kind in Palestine that today includes a large group of factories and industrial and commercial companies, both local and international, and provides thousands of job opportunities. industrial.

It is noteworthy that Gaza Industrial City has incurred significant losses in the past years as a result of the repeated bombing of the Gaza Strip, especially during the recent aggression, which led to the destruction of many industrial facilities and infrastructure, including part of the electric power plant.