Jericho:President Mahmoud Abbas inaugurated the first Palestinian cement factory in Jericho on Monday. The facility was established through a collaboration between the Palestine Investment Fund and the Issa Khoury Group for Mining and Construction Industries.
According to Palestine news & Information Agency – WAFA – English, the inauguration was attended by prominent figures, including Prime Minister Mohammad Mustafa, Palestine Investment Fund Chairman Iyad Joudeh, Issa Khoury Group Chairman Issa Khoury, as well as numerous businesspeople, officials, and economists.
During the event, Prime Minister Mustafa delivered a speech on behalf of President Abbas, highlighting the project's significance in producing essential commodities for the national economy. He noted that the factory represents a critical step in advancing Palestinian industry, especially the construction materials sector, which plays a crucial role in the economy and offers employment opportunities to many workers.
Mustafa expressed the hope that the cement factory would lead to further high-quality industrial investments in Palestine. He emphasized the factory's significance, particularly in light of the expected demand for construction materials to rebuild the Gaza Strip and restore areas damaged by the Israeli offensive. This reconstruction process aims to reunify the homeland and improve the quality of life for Palestinians in Gaza, reinforcing their resilience and connection to the land.
Mustafa also underscored that fulfilling this national responsibility is a priority for the government, which is acting under the president's directives to establish the necessary conditions for success.