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PRICO verifies on the establishment of three specialized companies in real estate investment

2011-10-12

The board of directors of Palestine Real Estate Investment PRICO held a meeting on 11/10/2011, where they verified the proposed organizational structure which will consequently found three companies under Palestine Real Estate Investment Company in various areas of real estate investment to strengthening and expanding the company"s work in the interest of the company and shareholders. The board also discussed the merger between the companies in PADICO group that concentrated in the area of real estate investment and industrial cities and in other similar activities, in addition to the possibility of reorganizing, strengthening and supporting the work of these companies and expanding the role of "PRICO" in this area to take its leading role in the process of reconstruction in Palestine. Also the board approved the existing trend and the enhancement of investments in real estate development specifically the housing sector to create residential suburbs in various areas, including strengthening the trend of investment in the housing field in Gaza Strip.