Free Trade Zones

The Law on Industrial Estates and Industrial Free Zones was enacted in November 1997. The law designates certain area free zones to facilitate the establishment of regional and international export centers. An Industrial Estate and Industrial Free Zone Authority was established to oversee such development. This is an independent and autonomous body overseeing the implementation of the estates and free zones, and creates an enabling and regulatory framework for the success of their operations. A private-sector developer is developing the infrastructure. All the Investment Law advantages pass to investors investing in the industrial zones.

Investment Guarantees:
Long-term political risk insurance for foreign direct investors is available through the Multilateral Investment Guarantee Agency (MIGA).

Business permitted in the areas:

  • Industrial projects and other operations for assembling, preparing and replacing processed or semi-processed products
  • Mechanical, electronic or chemical works
  • Importing goods from inside and outside Palestine, storing such goods and using, consuming or exporting them as they are, wholly or partially
  • Manufacturing, cleaning, dismantling, marking, changing, filling, splitting, and other such works
  • Data processing services and any similar services
  • Providing all financial, banking, and commercial activities and services.