MIGA's $16.61 million in guarantees will cover equity investments in Nakheel Palestine for Agricultural Investment against the risks of expropriation and war and civil disturbance, including temporary loss of income, for a period of up 5.5 years. Nakheel specializes in the production and sale of Medjool and Barhi dates.
The Nakheel project includes seven farms, a packaging facility for post-harvest handling of dates, a sorting and grading house, a cold storage facility, and a rooftop solar power plant – all located in the West Bank.