PITI was established to boost the economic capacity of Palestine's ICT sector in order to stimulate growth in the private sector and create jobs for Palestinians. Through a high-profile investment platform hosted by the U.S. Dept. of State, PITI encourages multi-national corporations already invested in the region to form mutually-beneficial partnerships with local Palestinian companies, providing jobs for Palestinians, advancing the competiveness of the Palestinian ICT sector at large thereby improving the investment climate, exposing the MNCs to new export markets while also opening doors to future business opportunities in Palestine for U.S. and international investors.
In Palestine, the ICT sector now employs about 5,800 men and women while 1000 Palestinian students graduate annually in ICT-related fields and local analysts estimate there are about 10,000 Palestinians qualified and available for employment in this sector.
Through initiatives like PITI, ConnectME is not only able to help facilitate the creation of jobs more immediately but it is also able to help connect the skills and education of young Palestinians with the needs of the international market in a way that helps to sustain long-term investment and by extension growth.
Press Release, PITI
Office of the Spokesman
Washington, DC - December 17, 2010
Secretary of State Hillary Rodham Clinton today announced the launch of the Palestinian Information Communications Technology Capacity Building Initiative (PITI). This initiative is designed to enhance Palestinian economic capacity in the information communications technology (ICT) sector by facilitating partnerships between Palestinian ICT companies and U.S. multinational companies, particularly those with operations in the West Bank, Gaza, Israel, Jordan, and the broader Middle East. This initiative, modeled on successful ventures by U.S. companies, also seeks to strengthen the Palestinian private sector by encouraging broader economic growth, development and job creation for Palestinians.
The Palestinian ICT sector has grown rapidly over the last five years. Approximately 250 Palestinian ICT companies—mostly small businesses—employ 5,800 people; nearly 1,000 Palestinian students graduate annually in ICT-related fields. Skilled ICT labor costs are competitive and there are an estimated 10,000 qualified Palestinian workers available for employment in this sector. Most of the graduates are bi-lingual, further boosting their competitiveness in the international marketplace. This initiative will continue to advance Palestinian ICT competitiveness by working with multinational IT companies, helping Palestinians foster innovation and gain advanced skills in marketing and project management, and improving the long-term investment climate.
PITI, led by the Department of State in partnership with USAID and Partners for a New Beginning, will help expand U.S. investment in Palestinian companies and promote new business opportunities in the region. Initial PITI partner companies include: Cisco, Google, HP, Intel, Medcor, and Salesforce.com. These companies announced commitments to initiate or expand projects with Palestinian companies during the December 17 launch of the PITI at the Department of State:
By providing ongoing support to these partnerships, PITI will strengthen the Palestinian private sector and encourage sustainable economic growth and development. PITI invites additional companies to join this initiative to increase investment and capacity building in the Palestinian private sector. The United States is committed to helping Palestinians build the institutions necessary for a future state, including a thriving private sector that promotes entrepreneurship, economic opportunity, and prosperity for the Palestinian people.