Overview - Company
IZDEHAR or Palestine Prosperity Investment Development - PPID is a US$ 100 million investment vehicle for development-oriented investment opportunities in Palestine. It provides a pool of readily available risk capital for project construction and operation. IZDEHAR will work in a complementary manner as a deal catalyst, identifying and developing infrastructure projects from their earliest concept phase to an investment-ready phase, it will assemble all financing needs and will bear the risks of construction and operation. IZDEHAR’s long term vision is to develop a pipeline of $1.1 Billion Investment Projects in Palestine
The initiative comes at a particularly crucial time for Palestine as Western Donors continue to halt donations and the Palestinian Authority lack of finances. The fund will focus on essential infrastructure needs, including Energy, Industrial Zones, Waste Management, Education, Health, Religious Tourism, Technology, Agriculture and Affordable Housing.
PPID’s unique model comes at a particularly critical time for Palestine and the region as Western Donor continue to halt donations and the Palestinian Authority continues to struggle in overcoming its longstanding fiscal deficits, the Private Sector needs to step-in and work on rebuilding the foundational elements necessary for economic development. Current levels of private investment in the Palestinian Territories are not sufficient to fuel meaningful Economic Growth and create sustainable employment opportunities. The inadequacy of private investment is particularly significant in the infrastructure sector and other strategic projects that tend to have large capital requirements and longer horizons for returns, thus bearing a higher risk profile. This is exacerbated in Palestine where the political situation remains highly volatile.
Moreover, Infrastructure investment in Palestine is critical to economic productivity and it was estimated that Palestine needs $0.5-1 billion per year for the next 20 years to meet its infrastructure development needs. Without additional large-scale interventions beyond those currently planned, these needs will not be met. But if they are left unaddressed, Palestine’s infrastructure deficit will result in a continuation of stunted economic development with dire social consequences that will impact State-Building and its progress. Therefore, Private sector initiatives are needed to alleviate the infrastructure deficit in Palestine via the use of De-risking instruments to channel investment.
PPID’s Strategy
PPID identifies and develops large-scale commercially viable projects from the idea stage until financial closure, aiming to reduce the risk inherent in these projects by strategically structuring their financial and legal formations. Projects are selected based on their potential to help build the foundation and the infrastructure for an independent state with strong viable economy, and create long term professional employment opportunities across a variety of disciplines and sectors such as Energy, Industrial Zones, Waste Management, Education, Health, ICT and Affordable Housing.
Mission
Vision
Core Values
Our Board of Directors & Partners
Rafiq Abu Munshar
Chairman / Head of the Investments Committee
Mr. Abu Munshar is the owner and CEO of United Group. A Chairman for multiple companies within United Group including Modern Company for Building Material, United Cement & Steel Manufacturing, Southern Concrete Factory and United logistics. Board member of Hebron Chamber of Commerce. Holds Accounting degree & CPA.
Basil AlQadi
CEO / Head of the Technology Committee
Mr. Alqadi is the Chairman of Zara Group, which has subsidiaries in furniture, automobile trading maintenance and a leasing. During his career Mr. Alqadi served as the CEO of SECLO and former CFO of HEPCO after serving at managerial positions in Palestinian Ministry of Finance and part time teaching in mult The secretary general of Palestinian businessmen forum. Holds a BA degree in management from Jordan and completed his MBA with focus in finance and has a high diploma in strategic management for large caps from Sweden.
Ehab Hassouneh
Board Member/Head of the Governance & Audit Committee
Mr. Hassouneh is the chairman of Aram Group that has various investments in consulting business, trading, Tourism, and Outfit retail chain. Mr. Hassouneh holds a bachelor degree in accounting from Amman Ahliya University. ACPA, PCPA. Secretary General of Hebron Chamber of CommerceIs , a CPA designation holder and has more than 25 years of experience in Auditing
Nabil Aldeek
Board Member/Head of the Housing & Development Committee
Mr. Abu Sneneh is one of the largest investors and developers of real estate in Palestine, he has built diverse housing complexes and shopping centers in addition to residential properties. Vice chairman of Alzaitonah University and holds a diverse real estate portfolio in the area.
Musa Al-Jubeh
Board member
An investor with many local and international investments
Maha Abu Shusha
Board member
Mrs. Maha Abu Shusha, a mother of four children, and the director of Abu Shusha Contracting Company... She is also the president of the Palestinian Businesswomen's Forum and a member of the Board of Trustees of the University of Jerusalem. She is the president of the Board of Directors of Al-Rawwad (a Palestinian organization for the preservation of architectural heritage) and has also held the position of chairman of the Board of the Palestinian Shippers Council, which represents Palestinian importers and exporters. She is a founding member of BalaTrade and the Khalil Al-Sakakini Cultural Center.
A multitasking and accomplished woman, passionate about social work and her professional field, she appears optimistic about a more equal future for Palestinian women in the labor market in terms of roles and status. She currently works with numerous companies and cultural institutions.
Maha was born in 1962 in Ramallah and studied at Birzeit University, where she graduated with a Bachelor's degree in Economics. Her professional journey began with co-managing Abu Shusha Contracting Company in 1983, a road construction company.
Her father passed away in 1988, and she took on the responsibilities inherited from him, subsequently being appointed as the company's general manager.
One of the significant achievements for the Abu Shusha family's company was the establishment of an exclusive agency for Peugeot automobiles in Palestine.
Issa Khouri
Board member
The story of Issa Khouri is one that truly deserves to be told. He was forcibly displaced from his homeland as a child and grew up in the city of Shfaram. Despite the odds, he persevered through adversity, even enduring political imprisonment.
Issa's journey led him to an unexpected path, one that would take him into the world of iron and heavy industries. He would ultimately become one of the most prominent businessmen in the Middle East. His ventures transcended borders and achieved international recognition in places such as Morocco, Algeria, Azerbaijan, South Korea, and more.
His visionary approach to business led to the establishment of massive projects, including power generation stations and other groundbreaking initiatives. Issa Khouri's remarkable life serves as an inspiration for many, demonstrating that resilience, determination, and innovation can turn adversity into unparalleled success on a global scale.
Mamoon Aljuneidi
Board member
Mamoon Aljuneidi, aged 34, is a prominent figure in the business world, known for his innovative ventures in Palestine. With a solid foundation in International Business Management from the University of West London in the UK, Mamoon has driven remarkable success stories in various industries.
Leading the way as the CEO at Al-wafa Plastic Industries (WPI), Mamoon has spearheaded the transformation of this company into a leading force in the field of food packaging in Palestine. Under his visionary leadership, Al-wafa has emerged as the go-to destination for high-quality and sustainable packaging solutions, serving a diverse range of industries.
In addition to his pioneering work in plastics, Mamoon is also the CEO and Owner of Aljuneidi Dairy, Palestine's largest family-owned dairy and food processing business. His commitment to excellence and innovation has not only transformed his businesses but has also contributed significantly to the overall growth of Palestine's industrial and agricultural sectors.
Mamoon Aljuneidi's influence extends far beyond corporate boardrooms. He is celebrated as one of Palestine's influential business leaders, known for his vision and dedication to progress in the region.