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· 5 projects in Jerusalem and our investments in Gaza continues
· Investment conference in the north will witness the launch of " Nablus revival fund"
The CEO of PADICO Dr.Samir Hleileh revealed out about a wide package of projects that the company intends to execute in the West bank and Gaza in addition to the Eastern Jerusalem with a cost of hundreds millions dollars. The most prominent is a station for energy generation in Qalqilieh with a cost of $300 million, Cement mill project with a cost of $100 million, Iron smelter project with a cost of $100 million, Eastern sewage project in Nablus that passes in Albadan with a cost of $50 million, Wadi Alnar sewage projects that ingathers Jerusalem"s & Betlehem"s & Beit Sahour"s sewages toward Alnabi Mousa and costs $120 million. Hleileh said that PADICO is working currently to execute 5 projects in Jerusalem, most important "Alshorafat housing" project that constitutes 162 housing unit, commercial center in Alshaikh Jarrah with a cost of $16-$17 million, Alhamra"s cinema restoration project in Salah Aldein street and transforming it to Alhamra castle with a cost of $700 thousands that will be a basis for multi usage such as restaurants and various activities areas. Hleilh clarified that the company now is in a stage of redirection of its investments in a good way, indicating that it had separated the financial portfolios off the direct investments in projects, where PADICO decided for Mr.Hleileh to head the direct investments and for Dr.Farouq Zaiter to head the financial portfolios, which reinforced the power elements in the company by investing in best of their cadre.