Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities.
Infrastructure development, both donor and privately financed, has slowed in the West Bank. A long stalled gas-fired power generation plant project in the West Bank is slowly moving and is full of potential. Other projects that have been authorized by the Israeli government include an expansion of telecommunications infrastructure and services (4G in the West Bank and Gaza); sanitation upgrades and expansion, waste disposal, water services; and road upgrades.
In the West Bank, expected future demand for private housing construction for middle and lower-middle-income families is expected to rise. There is a growing trend toward building large commercial and multi-story residential buildings. In response, Palestinian developers have embarked on major development projects such as “Rawabi,” a residential city with co-located shopping, entertainment, educational facilities, and work spaces that is located north of Ramallah. Another example of a combined commercial and residential project is “El Ersal,” located in Ramallah.
In the West Bank and Gaza, expansion can be expected in the local production of processed foods, olive oil, hardware, wood and cane furniture, plastics, pharmaceuticals, and housewares. In addition, franchising and distributorships are popular, with the best prospects traditionally found in fast food and apparel. Imports of healthcare products, such as medical equipment and disposables, are also increasing due to continued international donor support and population increase.
The current limitations and constraints in Gaza often require non-traditional solutions and technologies. Most Gaza-based infrastructure projects are donor financed and require approvals from relevant Israeli authorities.