Nine Palestinian startups officially received new investment grants at the Ministry of National Economy. Minister Mohammad Al-Amour oversaw the signing of these agreements, which were managed by the IPSD II project.

The ministry has funded with over $5 million to support nine local startups. This initiative includes $1.6 million in direct grants provided by the World Bank and the European Union. These funds were matched by an additional $3.5 million in private investments from local and regional investors, showing strong confidence in the Palestinian tech sector.

The money given to those startups will help expand their operations, reach international markets, and improve their technology despite the difficult economic environment in the region.

A key goal of this project is to support the Palestinian labor force and increase the number of jobs available. The financing would ensure the continuation of existing jobs, and the creation of more than 160 new direct and indirect employment opportunities. By focusing on technology-enabled companies, the Ministry and its partners hope to build a more resilient and modern economy that can provide stable employment for young professionals and digital workers.

Minister of National Economy Mohamed Al-Amour stated that this program is a vital tool for increasing investor trust in the Palestinian market. The joint investment model helps reduce the risks that startups usually face and encourages more private money to flow into the country. The project is implemented by DAI and continues to offer mentorship and market access to help these startups thrive and compete globally