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Within positive political news and expectations of better quarter's financial results.

2008-04-20

The Palestinian economy received a new push by launching a national housing program, with an investment that reaches $2.00 billion over 5 years, includes establishing long term loaning institute that targets the  "limited-income" people to buy houses that  size more than $500 million. This program is within the partnership of Palestine Investment Fund, Bank of Palestine, OPEC, International financing institute, Palestine for financing real estate mortgages, and by the support of the British government in addition to establish 10 housing suburbs in the West bank with investments of $1.5 billion, the PIF is seeking to execute this projects  with local and foreign partners. Also it is assumed that "BAYTI" that is owned by  Massar International , will sign today an agreement with the Palestinian government that  allows to launch the practical implementation to the BAYTI" pioneer project "Rawabi" north Ramallah, with investment that reaches $200 million, in the same time of the impulsion that the current preparations of Palestine Investment Conference is facing among the private and official sides, It is expected to offer more than $1.00 billion cost projects on the participants" investors.