Palestine

Terrorist israeli assault on Gaza aimed to destroy its economy

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Damage resulting from the Israeli offensive against Gaza in “Operation Protective Edge” has hit hard on the industrial and commercial sectors in Gaza. The 51-day offensive with F-16 fighter aerial bombing, and artillery and rocket ground shelling, has resulted in significant damage not only on a human and infrastructure level, but also on the livelihoods of a huge number of the Gaza populace, who have become unemployed.

Many unemployed workers are now faced with an inability to support their families, and factory owners are not able to receive compensation for their losses. Construction materials are unable to enter the Strip as their entry is stalled by Israel.

More than 500 key and strategic facilities have been destroyed in the onslaught, as well as over 2,800 small and medium sized enterprises which represent the majority of Gaza’s economy. Losses amounted to over $540 million, three times the losses of the first war launched on the Gaza Strip in 2008-2009. The destruction caused was aimed at destroying the economy in the Gaza Strip and deepening the economic crisis through the infliction of heavy financial losses to the owners of these facilities.

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