Palestinian investment firm seeks investment partnerships
Date
1/21/2008 2:11:14 PM
Board Director of Palestine Development and investment Company (PADICO) Munib Al-Masri announced on Saturday that the company would offer a number of partnership investment projects in an international conference taking place in Bahrain on November 9 and 10.
Al-Masri told Kuwait News Agency (KUNA) that the conference is a good chance to preview development plans and preliminary studies for over 30 investment projects in Palestine.
He added that the company is also preparing for another economic conference that will be taking place in Sharm El-Sheikh in Egypt within the next two months, noting that such conferences aim at attracting Arab and foreign investors, as well as Palestinian investors outside Palestine.
Meanwhile, Al-Masri welcomed the participation of the Kuwaiti Global Investment House as a strategic partner in Palestine Real-Estate Investment Company, a subsidiary of PADICO group.
Global informed the real-estate company that it would purchase 15 million shares, which equals 30 percent of the company's capital after increasing it from USD 22.5 million to 50 million.
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