Gush Katif - Economy

Economy

In the Katif Bloc’s unique greenhouses, a uniquely developed advanced technology was used to grow bug-free leafy vegetables and herbs answering to the strictest health, aesthetic and religious requirements. Most of the organic agricultural products were exported to Europe. In addition, the community of Atzmona had Israel’s largest plant nursery, and with 800 cows, the Katif dairy was the second largest in the country. Telesales and Printing were other notable industries.

The total sum of exports from the greenhouses of Gush Katif, which were owned by 200 farmers, came to $200,000,000 per year and made up 15% of the agricultural exports of the State of Israel.

The combined assets in Gush Katif were estimated at $23 billion.

Of Israel’s total exports abroad, Gush Katif exported:

  • 95% of bug-free lettuce and greens
  • 70% of organic vegetables
  • 60% of cherry tomatoes
  • 60% of geraniums to Europe.

The Economic Cooperation Foundation, which is funded by the European Union, agreed to purchase the greenhouses for $14 million and transfer ownership to the Palestinian Authority, so that the 4,000 Palestinians employed to work in them could keep their jobs. Former head of the World Bank, James Wolfensohn, contributed $500,000 of his own money to the project.

When the IDF left Gaza, thousands of Palestinians looted the area, and 800 of the 4,000 greenhouses were left unusable.

Read more about this topic:  Gush Katif

Famous quotes containing the word economy:

    Everyone is always in favour of general economy and particular expenditure.
    Anthony, Sir Eden (1897–1977)

    Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.
    Jane Jacobs (b. 1916)