Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

PRICO operates the first 5 stars Hotel in Gaza

2011-07-10

Gaza - Palestine Real Estate Investment "PRICO" launched the operations of the first five-star Hotel in the Gaza Strip, before the official opening in the coming weeks, under a state of unprecedented recession in the tourism sector. Al Mashtal Hotel which is located in “Al Sudanieh” region in the north of Gaza City, views the Mediterranean Sea from the western side and “Al-Shati" Refugee Camp”  - one of the poorest communities in the world- from the southern side. Nabil Al-Sarraf, the Chairman of the Board of Directors of PRICO described operating the Hotel in these circumstances, and after years of a significant decline in the various investment activities, particularly those regarding the tourist sector, as a "major achievement". In press statements, Al-Sarraf said that launching the operations in Al Mashtal Hotel which is owned by Al Mashtal Tourism Investment Company – a subsidiary of PRICO-, "reflects the determination of the company to continue its investment activities in spite of the risks surrounding the investment in light of the blockade and the absence of active tourism".  The $45 million Hotel consists of 225 rooms and suites, in addition to restaurants and closed and open halls, and swimming pools. The Hotel which is managed by a Spanish company employs about 100 employees. Al-Sarraf revealed that the company is nearing to complete 175 chalets related to the company, in preparation to run about 50 of them in the first phase of the project at a cost of $ 15 million. In a related context, he announced PRICO’s intention to execute a series of housing projects, including construction of five residential towers in the northern Gaza Strip, at a cost of about $ 25 million. It should be noted that PRICO is implementing a number of projects in the city of Ramallah, including Days Inn Hotel, Al Ghadeer Neighborhood, Rabeyat Al Quds Neighborhood, Ministry Complex, Prime Ministry Building, Grand Park Hotel expansion in addition to Renovation of St. George Hotel.


 

2017-11-16
Al-Quds Index in the red zone amid lack of drivers

2017-11-12
Bank of Palestine opens a representative office in Chile

2017-11-09
The PEX records average PE ratio of 12.2x in 9M 2017

2017-11-08
GUI posts net income of $0.80 million in 9M 2017

2017-11-08
AIG reports net income of $1.21 million in 9M 2017

2017-11-02
A decline in Al-Quds Index with the end of the disclosures’ legal period

2017-11-01
RSR records net income of JD0.43 million in 9M 2017

2017-11-01
NSC posts net income of JD0.24 million in 9M 2017

2017-11-01
TIC records net income of $1.79 million in 9M 2017

2017-11-01
PICO reports net income of $2.16 million in 9M 2017

2017-11-01
AQARIYA records net income of JD0.40 million in 9M 2017

2017-11-01
PRICO realizes net loss of JD3.97 million in 9M 2017

2017-11-01
TRUST reports net income of $3.40 million in 9M 2017

2017-11-01
MIC posts income of $1.01 million in 9M 2017

2017-11-01
PADICO posts net income of $11.95 million in 9M 2017

2017-11-01
BOP records net income of $38.54 million in 9M 2017

2017-11-01
WASSEL records net income of $0.02 million in 9M 2017

2017-11-01
AIB reports net income of $5.83 million in 9M 2017

2017-11-01
NIC posts net income of $4.04 million in 9M 2017

2017-11-01
JPH reports net income of $1.91 million in 9M 2017

2017-11-01
JREI realizes net loss of $0.22 million in 9M 2017

2017-11-01
AHC realizes net loss of JD1.10 million in 9M 2017

2017-11-01
ELECTRODE posts net income of JD0.05 million in 9M 2017

2017-11-01
PID posts net income of JD 0.01 million in 9M 2017

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013