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Ramallah Financial Quarter
Mrs. Banan Jadallah, Head of Technical Office
Palestine Real Estate Investment Co. (PRICO)
M A B A N I F o r D e v e l o p m e n t & C o n s t r u c t i o n
PRICO’s Projects
• Basket of 5 Real Estate Projects– Sharafat Housing Project in Jerusalem– Shiekh Jarrah Commercial Building in Jerusalem– Al Naqoura Housing Project in Nablus– Gaza Residential Tower– Ramallah Financial Quarter
• Total Cost of USD 90 Million
• PRICO’s contribution is above 50%
M A B A N I F o r D e v e l o p m e n t & C o n s t r u c t i o n
Ramallah Financial Quarter
• Project:Project: 18 stories with total build up area of
21,000m2.
• LocationLocation: Al-Masyoun, Ramallah
• Source of Revenues: Source of Revenues: Rent & operation
• Owner:Owner: Mabani Co. is the outcome of
PRICO & PSE.
(The Project has Already Started)(The Project has Already Started)
M A B A N I F o r D e v e l o p m e n t & C o n s t r u c t i o n
Ramallah Financial Quarter
• Competitive Advantages:
Located in the heart of the Financial Zone. First Financial Quarter in Palestine. Smart Building (IP solution & BMS).
Secured Building.
PRICO’s long experience in operation & construction.
M A B A N I F o r D e v e l o p m e n t & C o n s t r u c t i o n
Al-Quds Bank
Financial QuarterFinancial Quarter
Arab Bank
Grand Park Hotel
Office space is in demand.
Increasing number of financial institutions.
Limited modern and secured buildings.
Ramallah Financial Quarter
M A B A N I F o r D e v e l o p m e n t & C o n s t r u c t i o n
• Opportunities:
Availability of feasibility & financial studies.
Average IRR ranges between 18% and 24%.
Under going agreements with potential clients.
PRICO’s Projects
M A B A N I F o r D e v e l o p m e n t & C o n s t r u c t i o n
• Summary:
Partners for Change