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President Mahmoud Abbas on Monday inaugurated the first Palestinian cement plant in Jericho Governorate, a joint venture between the Palestine Investment Fund and the Issa Khoury Group, and officially launched production. Development of the project began in 2022. It aims to establish a domestic cement industry, reduce reliance on imports, create jobs and support the construction sector. Prime Minister Mohammad Mustafa stressed the importance of the plant’s output in providing materials for Gaza’s reconstruction and strengthening the economy and self-reliance.
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