Cement is considered a strategic material in a country's economy. Palestine relies fully on imports of this commodity, making its national production a priority and a strategic goal. PIF executing the cement mill project in the Nuwai'ma area in Jericho, with an annual production capacity of approximately 1.13 million tons, covering half of the Palestinian market's cement needs. The estimated cost of the project is around $85 million dollars, through Jericho Cement Company in partnership with Issa Khoury Group for mining and construction industries. The development of the project began in 2022, and the Mill is scheduled to be operational by the end of .2024
