Palestinian delegation in UAE to woo investors
Abu Dhabi , May 18, 2010
A high-level Palestinian business delegation is in Abu Dhabi to highlight the investment opportunities in the country and lure Gulf investors and attract tangible investments into the listed Palestinian companies.
The delegation, led by Ahmad Aweidah, chief executive officer of Palestine Securities Exchange (PSE), is organising a road show at Hotel Intercontinental in the UAE capital in association with United Securities and the Palestine Business Council.
'The economic growth in the Palestinian Territories in 2010 would reach around seven per cent and touch 10 per cent by 2012 to 2013,' said Aweidah, citing the International Monetary Fund (IMF) statistics.
“We are delighted with the positive response received from UAE-based investment communities. Through this road show, we plan to highlight what we believe is a good investment opportunity in Palestinian equities,” he remarked.
Accordding to him, the road show was part of a global effort to draw UAE shareholders to the PSE and raise the bourse’s international profile.
PSE is based in the cities of Nablus and Ramallah in the Palestinian West Bank, which has in recent years benefited from political stability and rapid economic growth.
The event also aims to attract tangible investments into the listed companies and the Palestinian economy in general, Aweidah added.-TradeArabia News Service