Maan news agency is reporting that the head of the Palestine Investment Fund and potential candidate for role of Prime Minister in the new unity interim government, Mohammed Mustafa, has announced a $1 billion investment for reconstruction of the Gaza strip.Mustafa, who worked for 15 years for the World Bank and is Mahmoud Abbas economic adviser, is currently in Gaza for talks with local business people as to how best to undertake reconstruction efforts.

The Palestine Investment Fund president has stated that the devastated coastal enclaves will be the primary target for the investment funding.

The funds, according to Maan, came from Palestinian investors and a series of Middle Easter and International donors.

‘The goal is to start building Gaza’s economy as part of a state economy based on self-reliance,’ Mustafa Said.

Projects will be undertaken once the new interim government is agreed upon.