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.
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.
Mr. Abu khalaf is BoD member & CEO of Aljuneidi Group with hands on management on its subsidiaries .The chairman of Alwifaq Farm Agriculture Co. He is a member of the Arab Businessmen Forum, Palestinian Businessmen Forum, and has multiple public engagements in the fields of social, sports, and youth development organizations. Holds a BA degree in accounting.
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.
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 Commerce
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.
Mr. Amleh is the Chairman and CEO of Albayyan Development Group that has diverse investments in solar energy, real estate, engineering and construction. Mr. Amleh served as the deputy of former Minister of Energy, served as a member of Negotiation Committee with the Israeli IEC. Holds a degree in Electrical Engineering and hold several international diplomas including EDF from France and financial management from USA.
Known as the Chairman of Sultan Group. The mother company of Almajd Gold Trading & Manufacturing Co. Additionally, Almajd Date Farms in Jericho. Mr. Sultan has various multinational investment portfolio in real estate and agriculture in USA, Turkey, Dubai & Europe.