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2008-07-09
Dr.Mohamad Mustafa the CEO of Palestine Investment Fund PIF stated that the fund is currently working on five juncture strategic projects that came within the domination to work in the vital and strategic economic sectors. Dr.Mustafa added during the consultative press conference with the media that had been held to inform them about the fund"s functions and most prominent accomplishments, he added that the projects include the program for average income housing and the project of developing Al-Ersal Street that came within the tourism and real estate sector projects, in addition to establishing Al-Amal mortgage company within the financial sector projects, and Al- Wataniya mobile within the telecommunications sector , and the gas extraction from territorial waters in Gaza within the projects in the energy sector, and meeting the needs of the Palestinian market from cement through the Palestinian company for commercial services within the industrial sector projects.
The CEO said that the fund had launched a set of strategic projects within the real estate and housing sector with the partnership of international and Arab and local partnerships, indicating that PIF started to execute the first housing project in north Ramallah where the initial designs and the study of the infrastructure had been set in addition to merge the project within Ramallah organizations for average income citizens with the cooperation of local and regional partnership.
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