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FINANCIAL NEWS
Qatar plans USD254m project to rebuild Gaza
17 Oct 2012
(MENAFN) Qatar unveiled plans to spend USD254 million to rebuild and modernise Gaza, Reuters reported.
Qatari ambassador Mohammed Al-Amadi said the plan will require the cooperation of Israel and Egypt to admit building materials and heavy machinery to Gaza, which is under a partial blockade.
Amadi expected the work to start on site within three months, starting with a highway that will run the length of the Mediterranean coastal strip.
Amadi also said politics played no role in the emirate’s aid decision, but acknowledged that the government of Gaza would ultimately benefit, in addition to the people.
The projects are of sufficient scale to transform Gaza and the lives of its 1.6 million people, 28 percent of whom are unemployed.
The project includes rehabilitating three main roads, establishing a new town, building a hospital and residential buildings and overhauling the infrastructure.
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