Tourism Sector
PIF paid special attention to investment in the tourism sector, mainly in Jerusalem, given the significance of this sector to the Palestinian national economy, lack of natural resources or developed industries. Tourism has a significant potential role to play in achieving economic growth at this stage, and it contributes to providing job opportunities to the Palestinian people. It also revitalizes other economic sectors.
Golden Gate Hotel (Jerusalem)
This planned hotel will have 208 rooms in the heart of Jerusalem in Shiekh Jarah neighborhood. The hotel is to be constructed on an area of 3,200 square meters with total build up area of 21,000 square meters, with an estimated investment of $ 41 million. The project will enhance the city’s sustainable tourism offer by providing and improving the tourism facilities owned by Jerusalemites.
New Capitol Hotel (Jerusalem)
It is a 70-room hotel with an investment size of $12 million. The hotel is strategically located on Salah El-Din Street, the commercial artery of Jerusalem. It is established in partnership with Al Quds Electricity Company. During the stage of construction, it provided 200 job opportunities. After it was opened, over 40 inbound tourism offices were contracted.
Grand Park Hotel (Jerusalem)
This 91-room hotel is located in the heart of the Old City of Jerusalem. It is owned by PIF and Al Quds Holding Company.
Jacir Palace Hotel (Bethlehem)
Jacir Palace Hotel is an iconic touristic feature in Bethlehem city. It is a five – star hotel of 3 buildings, spanning over 800 square meters. PIF is one of the major shareholders of the hotel along with other shareholders.
Millennium Hotel (Ramallah)
It is one of the International Millennium Hotels series. It is located in Ramallah which is the most vibrant city in Palestine. It is just a few minute- walk from the downtown. This 5-star hotel is the sole international one in Palestine. It spans over 9665 square meters and PIF is the largest shareholder in it along with other shareholders.
Bethlehem Convention Palace
The Convention Palace is an architectural masterpiece and the best venue for meetings, events and activities, folkloric and cultural events in Palestine. It is characterized with its strategic location and services facilities that are designed according to the best international standards. It can host big international events. PIF is one of the shareholders in it along with others.
Grand Park Hotel (Ramallah)
It is a 5-star hotel with 83 rooms and meeting halls. It is built in a strategic and comfortable area (Al Masyoun) in the city of Ramallah according to international standards.
Al Mashtal Hotel (Gaza)
It is a hotel of 250 rooms with meeting halls, restaurants, café shops, and other entertainment facilities in the city of Gaza. PIF invests in the hotel alongside other leading Palestinian companies.
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