RAMALLAH, November 16, 2014 (WAFA) – The Israeli control of Area C, approximately 62% of the total area of the West Bank, deprives the Palestinian economy of over US$3 billion a year, according to a report published by the Ministry of National Economy.
The report said Israel’s control of area ‘C’ kills possibilities of Palestinian sustainable economic development, causing annual losses estimated at billions of dollars, especially in the stone and marble sector.
Manal Farhan, director of the Industrial Development section at the ministry, said Israel’s full control of Area C, which is rich of natural resources, particularly stone, prevents any industrial development in the quarrying and stone industry.
According to the World Bank, Area C is rich in stone, with estimated deposits of some 20,000 dunums of quarryable land.
She noted that if the Israeli restrictions are lifted, the productivity and revenues of the stone sector are likely to…
View original post 129 more words