PIF’s main objective is to promote sustainable economic growth and private sector development in Palestine, through originating and investing in economically feasible, socially responsible and developmentally sound strategic projects in vital and viable economic sectors in Palestine, in partnership with the Palestinian private sector and international investors.
PIF’s investment portfolio in Palestine covers various strategic economic sectors including telecommunications, real estate, hospitality, finance and energy. Amaar Real Estate Group is our investment arm in the real estate sector, which includes residential, commercial and tourism investment projects.
The real estate sector in Palestine employed 11% of the workforce in 2010, and the sector’s contribution to GDP reached 14%. All this makes Amaar’s developmental potential very significant. Amaar has already launched a number of strategic projects that add substantial value to the Palestinian economy. These projects include Al-Reehan and Al-Jinan residential neighborhoods, Al-Ersal Center and significant investments in the tourism sectors including Jacir Palace Hotel in Bethlehem, InterContinental Hotel – Jericho, Al-Mashtal Hotel in Gaza and Grand Park Hotel in Ramallah.
To maximize its contribution to economic growth and prosperity in Palestine, Amaar is planning to deploy significant resources in large scale residential, commercial and hospitality projects over the next few years.
PIF is proud of the achievements and the progress Amaar has achieved so far, and will continue to provide the resources and institutional support needed to allow Amaar to realize its full economic and developmental potential.
There are no limits to what we can achieve.
Dr. Mohammad Mustafa