Under the agreement, a private sector consortium will operate a modern landfill facility near Hebron, where illegal dumping has become a health threat and environmental hazard. According to IFC, about 840,000 people will benefit with the agreement.

Greek consortium WATT, Mesogeos, and Epem will operate the landfill.

JSC-H&B chairman Daoud Zatari said that the anticipated reduction in the illegal dumping of waste will benefit almost one million Palestinians living in the southern West Bank.

"It will address a public health risk and show how the private sector can make an important contribution," Zatari added.

IFC Middle East and North Africa director Mouayed Makhlouf said that the private sector can provide technical expertise and management experience that public authorities sometimes struggle to deliver in complex environments.

"This public-private partnership will help West Bank residents access the services they deserve and it demonstrates the opportunities for private investment in the West Bank."