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Palestinian-American entrepreneur to invest in Gaza
Published Thursday 14/08/2014 (updated) 14/08/2014 21:27
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JERUSALEM (Ma'an) -- Prominent Palestinian-American businessman Farouk Shami announced Wednesday a decision to build a university, mosque, and a branch for his hair-care company Farouk Systems in the Gaza Strip.

According to a statement by the Diaspora Affairs department of the Palestine Liberation Organization, Farouk Shami announced his decision Wednesday following a meeting with active members of the Palestinian community in the United States.

Shami's decision to invest in the Gaza Strip, according to the statement, stems from his willingness to help develop the Palestinian economy and create job opportunities through practical steps.

This willingness, has been strengthened after the Israeli military offensive against the coastal enclave which destroyed facilities and infrastructure, greatly increasing unemployment.

The intended university, according to the PLO statement, will have close relations with the Farouk Systems factory to be created in Gaza. A portion of the factory's profits will cover the running costs of the university, whose students will be entitled to training and employment at the factory.
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1 ) Mel / USA
15/08/2014 21:08
Farouk had better take out EXTENSIVE INSURANCE against US-made weapons(F16's,Drones,Helo's,Battle ships,Coast guard &Army tanks)& all their MISSILES &snipers,first!!!!!? Or is he WRITING it of as charity,for a TAX DEDUCTION,in which case he WON'T CARE if Israel's BOMBS his 'business' before the cement is dry or the Hair-Mousse ARRIVES? Point is FAROUK? Israel has to END THE OCCUPATION/SIEGE first before your COSMETICS rol off the production line! No cheap-occupied labor,Farouk,FREEDOM first!

2 ) Inam bahhur / USA
17/08/2014 22:49
I remember Farouk God bless you to be the first person to start something like that that means a lot for the people of Gaza , hopefully it will engerege other investment . Thank you Mr Farouk
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