The Palestine Investment Conference “Partners for Change” took place in Bethlehem on May 21-23, 2008. The list of participants included prominent regional and international investors interested in the placement of their capitals on the Palestinian territory, as well as a delegation of the Russian-Arab Business Council headed by Mrs. Tatiana Gvilava, Director of RABC and Advisor to the President of the Chamber of Commerce and Industry of the Russian Federation.The participants in the conference emphasized the importance of a number of spheres of international cooperation, such as tourism, agriculture, food products, information technologies, pharmaceutics, artisan crafts, infrastructure development, construction, construction materials, and real estate.
The Russian delegation took part in the Forum and held a number of meetings with heads of Palestinian companies interested in the promotion of relations with Russia. The Palestinian side voiced an initiative to create a bilateral business council that would enable realization of Russian-Palestinian projects in the field of investment. Thus the Russian side backed by the global support for the Palestinian people would be able to lend effective help to the Palestinians in the process of establishment of the national economy and its efficient work on the basis of market relations and unrestricted competition. In this case the Russian companies participating in this process would also be interested in the feasibility and success of these projects.The initiative for the creation of the bilateral business council was further discussed during the meeting of the President of the Chamber of Commerce and Industry H.E. Yevgeny Primakov and the Head of the Palestinian Non-Governmental Organization “Palestinian Forum” Mr. Munib R.Masri. The meeting resulted in the decision to create the Russian-Palestinian Business Council (RPBC). The Russian-Arab Business Council has started the formation of the Russian part of the RPBC and the choice of its future Chairman.