European Union grants 9 million euros to Palestinian industrial zones
January 6, 2022, 9:14 am

European Union grants 9 million euros to Palestinian industrial zones

European Commission-Brussels/Pixabay

The Asharq Al-Awsat reported Palestinian Prime Minister Mohammad Shtayyeh signed Wednesday a memorandum of understanding (MoU) with the European Union (EU) to support the incentives program of Palestinian industrial cities.

The MoU is worth 9 million euros, including 7 million euros allotted to the Gaza Industrial Estate.

Shtayyeh signed the MoU with Henrike Trautmann, Acting Director of the Southern Neighborhood Directorate at DG NEAR (Directorate-General for Neighborhood and Enlargement Negotiations - European Commission), in Ramallah.

In a statement, the PM said the fund is aimed to support the incentives for investors and companies in the industrial cities and those interested in moving to them, underlining efforts to create job opportunities.

Moreover, up to 2 million euros would go to the Bethlehem Industrial Estate and Jericho Agro-industrial Park.

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Shtayyeh extended gratitude to the EU for its unwavering support to Palestine and the industrial zones.

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He said this significant MoU is in line with the Palestinian Industrial Estates program and the Palestinian National Development Plan and would help in increasing the GDP, boosting exports, and creating job opportunities.

Source: aawsat

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”