Al-Quds Economy Conference announces $100-million investment fund Published: Mon, 16-April-2018

Al-Quds (Jerusalem) Economy Conference which was held on April 13-15 in Istanbul city in Turkey announced $100-million investment fund for the support of the occupied city. 

The conference was organized by the Union of Palestinian and Turkish Businessmen and a number of Palestinian businessmen in Palestine and diaspora as well as some institutions concerned with the support of Occupied Al-Quds (Jerusalem).

The conference organizers urged Palestinian businessmen to invest in Occupied Al-Quds (Jerusalem) and announced the recommendations and achievements of the conference:

-An initiative to establish an investment company with a $100-million fund with the contribution of 20 businessmen. 

-The Palestinian businessman Farouk al-Shami pledged $10-million portfolio for five years with a sum up to 50 million dollars, with major activities focusing on the agriculture sector. 

-The Islamic Arab Bank allocated $50 million for funding investment projects in Al-Quds (Jerusalem) out of the Bank’s financial fund allocated for real estates and small and medium-sized enterprises.

-Reopening of 400 stores in the Old City of Occupied Al-Quds (Jerusalem) with a rate of $50,000 for each commercial shop with a total up to 20 million dollars. 

-Launching the Noble Investor Network of 20 businessmen for information technology investments in Occupied Al-Quds (Jerusalem).

It was also decided to hold Al-Quds 2nd Economy Conference in Occupied Al-Quds (Jerusalem) and to convene the follow up committee on April 28 inside Palestine in order to follow up the implementation of the conference’s decisions and recommendations.

Source: Palestinian Information Center