GCC's Program appropriates $ 164 million to finance projects in Gaza Strip including water & sanitation sector

The program of the Gulf Cooperation Council (GCC)'s member states for the reconstruction of Gaza Strip approved to finance projects worth a total of $ 164 million in the Strip.

This came at the conclusion of the first meeting of the program, which was held recently at the headquarters of the Islamic Development Bank in Jeddah.

Projects approved by the Coordinating Committee for the first generation of the program for 2010 includes sectors of health, education, water & sanitation, electricity, transportation, agriculture, housing and municipal services.

During the meeting, a memorandum of understanding between the Coordinating Committee of the program and the Islamic Development Bank was signed under which the Committee will implement the reconstruction projects in the framework of the program.

It is worth mentioning that the Program was created immediately after the recent attack on Gaza, The financing of the Projects is part of US$ 1.6 Billion package that was approved by the GCC member countries to reconstruct the Gaza Strip.