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Dr. Mohammad Mustafa: Palestine Investment Fund intends to implement two projects in the Jordan Valley and the Dead Sea region of $ 2 billion

2010-04-04

AlQuds Newspaper - Dr. Mohamed Mustafa, The Director and CEO of Palestine Investment Fund assured that the Fund considers not confining its projects on the economic side only, but exceeded this goal to achieve strategic national targets for establishing the Palestinian state through better utilization of national resources, especially the occupied ones. He revealed plans of the fund to implement two projects in the Jordan Valley and the Dead Sea during the next ten years of $ 2 billion. Dr. Mustafa presented the Fund"s core investment strategy that achieves an economic and national achievement, stressing that the Fund does not considers itself just an investor but a national investor its program pours into establishment of an independent state, and said during a meeting in the Legacy Hotel in Jerusalem organized by the Press Club in Jerusalem that the first of these investments are Wataniya Mobile which started five months ago with a capital of $170 million, bringing the total investment to $320 million, stressing that the Palestinian telecommunications sector has today became an important and strong investment with a main column of the Palestinian and Arab world private sector.