Israeli war damaged 60 per cent of manufacturing capability in Gaza

The Israeli war destroyed around 500 economic facilities that form 60 per cent of the manufacturing capability in the Gaza Strip, the Palestinian Ministry of Economy said.

Speaking to the Palestinian news agency Safa, the ministry’s spokesman Azmi Abdul Rahman said that the Israeli occupation premeditatedly targeted hundreds of the industrial, commercial and service facilities.

The commercial facilities included small shops and that paralysed the economy during the Israeli war. He stressed that the effect of the economic paralysis would last until the facilities were reconstructed.

Abdul Rahman said that specialist professional staff are working on evaluating the losses in the Strip; estimating that reconstruction of the economic facilities needs at least one year.

He said initial evaluations showed that the indirect losses exceeded $440 million.