Turkish delegation arrives in Israel to discuss investment in Palestinian business project

A Turkish delegation met in Tel Aviv on Monday with Likud Deputy Minister Ayoub Kara, the acting minister of the Regional Cooperation Ministry, to promote a proposed building of an industrial zone near Jenin in the West Bank.

The Turkish delegation is led by Prof. Guven Sak, the managing director of The Economic Policy Research foundation of Turkey (TEPAV), an economic policy think tank based in Ankara.

The proposed industrial zone would be located near Jenin and cover an area of 1,300 acres initially, and would likely expand later on. The Foreign Ministry had no comment on the delegation, though it is hosting a delegation of Turkish reporters in the country. The Turks purchased the plot from the Palestinians at a cost of $10 million, with the final cost for the project expected to be reach 100m. The project, backed by Israel, the US, and the EU would allow for the export of goods duty free to the US.

Source: http://www.jpost.com/Israel-News/Politics-And-Diplomacy/Turkish-delegation-arrives-in-Israel-to-discuss-investment-in-Palestinian-business-project-413811

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