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. Potential major projects that have yet to be authorized by the Israeli government include a gas-fired power generation plant in the West Bank; expansion of telecommunications infrastructure and services (4G in the West Bank and 3G in Gaza); sanitation upgrades and expansion, waste disposal, and 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, and housewares. Expansion can be expected in the local production of pharmaceuticals. 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. Many Gaza-based infrastructure projects are donor financed and require approvals from relevant Israeli authorities.