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Hleileh: The developmental role of PADICO is represented in adopting high risk projects

2010-03-07

Amman – Wafa- the CEO of Palestine Development and Investment (PADICO) Dr. Samir Hleileh, Clarified that PADICO has taken upon itself to embrace investment in Palestine despite the prevailing political atmosphere of political and security instability.  Hleileh added during a ceremony held on the sidelines of a workshop about economic press, with a participation of journalists from Jordan, Palestine in Amman “the developmental role of the company is to adopt high-risk projects, and projects that generate returns for many years with primarily economic target, also focus on beneficial projects such as the environment, including recycling, agriculture and wastewater treatment in cooperation with the competent authorities”. Hleileh indicated to implement projects in partnership with the Al Quds University of constructing housing units for students to hold a 22-year contract, and the establishment of a youth center at Birzeit University to provide high quality service at preferential prices, and start the implementation of projects of St.George and Al Shorfat Housing in Beit Safafa in Jerusalem, and that the Conference of investment is a step to define the investment environment in Palestine to foreign investors, stating that it is likely to convene a second conference in the city of Nablus. Hleileh clarified that the company"s attempt to hold such workshops comes to set the foundation stone of a concrete media specialized in the economy, in the absence of a clear defiance of Palestinian economic press, hence the vision of PADICO to ring the bell to help develop the first step to build the specialized economic press. The Deputy chairman of PADICO Mr. Nabil Sarraf stated the role of the company"s investment in Palestine in communications, real estate and financial market , with a capital estimated of $ 250 million among assets that are twice that number, emphasizing the media"s role in the economy as a link between the public and companies which enhances performance and create a positive environment and open prospects for cooperation, expressing his hope that the journalists role is to activate the economy in cooperation with the competent authorities.