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The Palestinian Investment Fund, through Sanad Industrial and Jericho Cement Company, plans to build an $85 million cement plant with annual capacity of 1.1 million tons, expected to be completed by 2022.
Phase one of the Palestine Cement Factory (PCF) has started construction in Bethlehem, including a cement mill with capacity of 1 million tons per year and an investment of $60 million. The overall project is expected to reach $310 million with capacity of 1.3 million tons per year upon completion in 18 months.