Germany has allocated 54.4 million euros ($62 million) toward new development projects in the Gaza Strip, the West Bank and East Jerusalem, the German Representative Office in Ramallah said on Wednesday.
The money will help build up local administration, construct schools and help with vocational training,
Ten million euros are to be set aside for energy projects in the Gaza Strip.
"With this new commitment of a substantial level, the government emphasizes that it is a reliable partner," Klaus Kraemer from the German Development Ministry said.
In 2017, Germany gave a sum of 53 million euros for Palestinian development.
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This past August, the German government pledged to significantly increase its funding for the UN agency that supports Palestinian refugees after the United States cut its aid.
German Foreign Minister Heiko Maas said at the time that Germany had already provided 81 million euros ($94 million) in aid for UNWRA in 2018, and was preparing to increase its contribution. He gave no figure.
With reporting from Reuters.