Palestinians Plan 30,000 New Housing Units

The most ambitious housing project to be mounted in Palestinian areas is being launched with support from the Palestine Investment Fund (PIF). Fund Chairman Dr. Mohammad Mustafa told The Media Line this week that capitalization will be almost $250 million, and that the goal is to build 30,000 new housing units during the next decade. PIF, which is expected to reach $2 billion in assets within the next five years, is active in many sectors of the Palestinian economy. Mustafa addressed a group of international entrepreneurs visiting the Palestinian territories, outlining a series of steps being taken to increase the private economic sector despite the Palestinian economy’s continued dependency on donations from the Arab world and the international community.