The Palestine Investment Conference (PIC) is aimed at strengthening the economy of Palestine

State of Palestine

Palestine , officially declared as the State of Palestine , is a state that was proclaimed in exile in Algiers on 15 November 1988, when the Palestine Liberation Organization's National Council adopted the unilateral Palestinian Declaration of Independence...

 and supporting a future Palestinian State. It took place in Bethlehem

Bethlehem

Bethlehem is a Palestinian city in the central West Bank of the Jordan River, near Israel and approximately south of Jerusalem, with a population of about 30,000 people. It is the capital of the Bethlehem Governorate of the Palestinian National Authority and a hub of Palestinian culture and tourism...

 in 2008 and 2010. The conference was hosted in 2008 by Palestinian Prime Minister Salam Fayyad

Salam Fayyad

Salam Fayyad is a Palestinian politician and Prime Minister of the Palestinian National Authority of the Palestinian National Authority. His first appointment, on 15 June 2007, which was justified by President Mahmoud Abbas on the basis of "national emergency", has not been confirmed by the...

 and in 2010 by Palestinian President Mahmoud Abbas

Mahmoud Abbas

Mahmoud Abbas , also known by the kunya Abu Mazen , has been the Chairman of the Palestine Liberation Organisation since 11 November 2004 and became President of the Palestinian National Authority on 15 January 2005 on the Fatah ticket.Elected to serve until 9 January 2009, he unilaterally...

. It was attended by the official Envoy of the Quartet on the Middle East

Quartet on the Middle East

The Quartet on the Middle East, sometimes called the Diplomatic Quartet or Madrid Quartet or simply the Quartet, is a foursome of nations and international and supranational entities involved in mediating the peace process in the Israeli-Palestinian conflict. The Quartet are the United Nations, the...

, Tony Blair

Tony Blair

Anthony Charles Lynton Blair is a former British Labour Party politician who served as the Prime Minister of the United Kingdom from 2 May 1997 to 27 June 2007. He was the Member of Parliament for Sedgefield from 1983 to 2007 and Leader of the Labour Party from 1994 to 2007...

. In 2010, the U.S. delegation was led by the Special Envoy for Middle East Peace George J. Mitchell

George J. Mitchell

George John Mitchell, Jr., is the former U.S. Special Envoy for Middle East Peace under the Obama administration. A Democrat, Mitchell was a United States Senator who served as the Senate Majority Leader from 1989 to 1995...

.

The 2008 conference was focused on large development initiatives. One outcome is the planned city of Rawabi

Rawabi

Rawabi is the first Palestinian planned city in the West Bank. Rawabi is to be located near Ramallah and Bir Zeit. A master plan has been drawn up for the city, which will consist of 10,000 homes in six neighborhoods with a population of 40,000. Homebuyers will have access to an affordable...

. The 2010 conference focused on small and medium enterprises.