PIPA was established in 1998 as an independent agency, pursuant to the promulgation of the Investment Promotion Law “Law Number (1) for the year 1998”. This law provided investors with all possible incentives, progression and assurances to make their investment in Palestine a unique and fruitful investment through creating an economic environment clear of bureaucracy and complications. PIPA reflects the Palestinian Authority vision and its policies to promote the private sector and to define an appropriate investment environment.