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With a cost of NIS 22 million … The Minister of Public Works signs an agreement with PRICO for building the Headquarters of Council of Ministers

2009-12-17
Ramallah- Dr. Mohamad Ishtayeh the Minister of Public Works and Housing signed yesterday an agreement for executing the bid of building the headquarters of Council of Ministries with the Chairman of Palestine Real Estate Investment Company (PRICO) Mr. Nabil Al Saraf, with the attendance of PRICO"s general manager Mr. Nidal Abu Lawi and a number of officials from the Ministry and the company. The bid"s value reached NIS 22 million and 600 thousands, where the project comes within the project of building the Ministries Complex which its aggregate cost amounted $31 million. The complex which is expected to be finished in 2012, lies in Al Masyoun neighborhood in Ramallah, and includes the headquarters of the PNA"s ministries and institutions. From his side, Al Saraf stressed out that PRICO is glad with this deal and assured that they will put all the effort to execute the building within less the time limit, and said: We thank the Minister of Public Works for the trust that had been complied to PRICO during the competition that had been characterized with transparency and impartiality in the bids that the ministry offer.