PIF investments activities are guided by a comprehensive, well-structured and ambitious investment strategy that was adopted by its Board of directors to achieve its goal of developing a strong economy to be a cornerstone of the independent Palestinian state.
Serving National Goals
PiF’s main objective is to promote sustainable economic growth and private sector development in Palestine, through originating and investing in economically feasible, socially responsible and developmentally sound strategic projects in vital and viable economic sectors in the West Bank and Gaza strip, in partnership with the Palestinian private sector and international investors.
PiF’s initiatives and projects ensure the maximum use of Palestinian talent and resources both in terms of planning and implementation. this is why PiF stresses the importance of balanced and equitable relations with regional and international partners that are in line with Palestinian economic priorities and based on mechanisms that are developed and led by PiF.
moreover, PiF has worked during the past few years to transfer much of its assets into Palestine to support large scale strategic projects in vital and dynamic economic sectors .the goal of this strategic shift is to optimize the developmental impact of PiF’s overall activities. so far, PiF has managed to grow the share of Palestinian investments in its total investment portfolio from 30% in 2007 to close to 80% today. PiF’s foreign asset portfolio is composed of highly liquid capital markets investments that are managed professionally with the goal of maximizing return within strict risk parameters, until adequate opportunities arise for deploying these funds in Palestine.
Attracting Foreign Direct Investment (FDI)
Fdi is crucial to economic development in Palestine. For this reason, PiF has expended extensive efforts to attract Fdi from regional and international institutions. PiF projects have been able to secure strategic partnerships with some of the world’s most influential institutional investors and development agencies.
PIF leverages its in depth knowledge of the local economy, and relations with the local private and public sectors to attract Fdi. PiF has also been able to devise attractive risk and profit sharing schemes like joint equity investments and joint financing facilities.
Supporting the Private Sector
PiF believes that a healthy Palestinian private sector is a critical component of any sound national development agenda and therefore works to stimulate private sector activity and to remove obstacles facing it. PiF has diversified private sector investment opportunities and facilitated private sector participation in its own projects. As these projects develop, PiF reduces its own investment share, attracting private sector partners to take its place, thereby allowing the private sector to build capacity and take the lead.
Creating Job Opportunities
PiF pays special attention to ensure that its projects and initiatives serve to create a substantial number of new job opportunities, at a time when high unemployment rates continue to worry our Palestinian society.
Distributing Investments Throughout All Governorates
PiF investment programs and projects are located throughout Palestine. Certain initiatives have national reach, such as the loan Guarantee Facility for smes, the Palestine Growth Capital Fund for private equity investment in smes and Wataniya mobile Company.
On the other hand, some areas are politically and economically critical for the future Palestinian state and therefore receive extra attention from PiF including Jerusalem, the Jordan valley and dead sea region, and Gaza. in fact, PiF has already established Al-Aghwar Al-Falastiniyah development Company to manage its planned projects in the Jordan valley and dead sea region in partnership with local, regional and international investors.
PIF’s investments in these different localities aim to develop and optimize the use of their natural resources and strengthen their ability to resist all israeli attempts to undermine their connection and contribution to the Palestinian economy.