In cooperation with the Palestinian Investment Fund and sponsored by Quds Bank.
27 Apr, 2010
In cooperation with the Palestinian Investment Fund and sponsored by Quds Bank.
Ramallah - a project "Foundations” a session of acquaintance in the city of Ramallah in order to introduce engineers and contractors in Ramallah and the participating companies in the project, and to take advantage of these tours in future projects through the use of products, to support the construction industry and building materials in Palestine in order to raise the efficiency, capacity and effectiveness of Palestinian products, so as to emphasize that the Palestinian private sector still has opportunities to enhance resilience.
The General Manager of Solutions Development Advisory Iyad Judah said: "the project's foundation in cooperation with the Investment Fund is an opportunity for businesses to identify and support national products, to evolve and compete as well."
He noted that 9 companies of the companies operating in the West Bank are involved in the project; however they are not made available to companies operating in the Gaza Strip due to their conditions.
Judah noted that these two activities regarding the construction products in Ramallah are similar to those earlier activities that took place in Nablus, Bethlehem, pointing out that a series of training was performed for the participating companies and aimed at developing a plan for marketing.
The head of the Palestine Investment Fund D. Mohammad Mustafa, said: "This project is a quantum leap and the process to improve the construction industry in Palestine, which comes as a step in a series of steps."
Mustafa added that "the Palestinian industry is facing the mutual challenges, but the focus should be on the need to lift the performance of these companies, and increase cooperation among them."
"The initiative is a step in the foundations by supporting our Palestinian products and promoting flexibility in the face of Israeli attempts to flood the Palestinian market with Israeli products, and products from Israeli settlements."
He pointed out that there are 5 construction companies contracted to complete the project Reehan, real estate, as well as for the draft Jinan city of Jenin, and the draft transmission center in Ramallah, noting that the presence of projects for the company’s construction of medium and small projects with a value of 50 million.
Mustafa, pointed out the importance of this initiative by saying: the "foundations are important because they contribute to the development of the construction sector in Palestine, which is part president of the housing sector in Palestine, which represents a rate of 50% - 60% of total investment in Palestine, and running about 11 % of the Palestinian labor.”
Azzam Shawwa, General Manager of Quds Bank, said:” on the basis of trust and belonging, all that is local and Palestinian, particularly concerning the construction industry and building materials, Palestinian and encouragement for these products increased their share in the domestic market and application of Quds Banks slogan, "Bank of the homeland and citizen," was our agreement immediate care of the foundations of the project launched by the Palestinian Investment Fund. "
He noted that the project aims to promote the sector and construction industries and in particular the participating companies, adding that " Quds Bank continuously seeks to support creative initiatives and construction in order to serve the Palestinian economy, and aims to develop and advance the Palestinian economy towards growth and progress, in addition to the Bank's strategy to adopt care of everything is national, qualitative, fruitful, and constructive.”
Engineers Association, M. Ahmad Aladaili, said the project is to accumulate achievements in the field of industry, to open the opportunity for national companies to grow and develop, and enter in the field of competition in global markets and local communities.
Aladaili said, "We hope to apply this project is supported by the Ministry of Economy, especially in the field of engineering.
He also said: A fair return, "that about 20% of the construction materials used in the domestic market are produced by the Palestinian market ', which requires a review of this subject, and to support the national product."
"In order to achieve this we need to determine their quality and here it is with the Institute for Standards and Metrology beginning, and the need to boycott the products of the settlements, but not the monopoly of some companies to market the Palestinian territories."
The project to "foundations" of nine local companies that work in industry and construction materials, a national company for the manufacture of aluminum profiles NAPCO, Inc. Hulaiqa for Marble, Super Tiger industrial investment makers doors security, the Arab Company for Paints, Sons Co wires of the stone industry, Factory Heaters dependence Company, the Palestine plastics industries, and electro-mechanical engineering company ELEMCO.
The idea of the project foundation which was launched during the month of March, 2009, was initiated and supported by the Palestinian Investment Fund and implementation of a solutions development consultancy and support of the services company Palestinian trade, and the institution of Catholic Relief and Development (Cordaid), and sponsored by Quds Bank.