PIF has also embarked on a strategic plan for developing the Palestinian side of the Dead Sea. The plan includes developing large mixed-use tourism facilities that will include a number of hotels, health spas, convention facilities, open spaces, beach front cabins, and private and public beaches.
The projected investment outlay for this project is US$1.4 billion and is expected to create over 10,000 job opportunities. The development will follow the commercially successful developments of tourism facilities on the Jordanian side of the Dead Sea.
Development of the project is contingent upon Israeli relinquishment of control over Dead Sea area and transfer of control to the PA.