The delegation was welcomed by Mr. Bashar Masri, CEO of Bayti Real Estate Investment Company - the developer of Rawabi, along with other managers of the company.
The visit offered the delegation a first-hand look at the Rawabi project, the largest project ever in the Palestinian private sector, and to discuss what role London can take to support Rawabi and to encourage British private sector partnership with the Palestinian private sector, in order to accelerate the development process of Rawabi.
The delegation toured the city and heard a detailed presentation on the economic impact of this ambitious project, which will create thousands of job opportunities and provide thousands of housing units for middle-income Palestinian families. The delegation also learned about the challenges facing the project due to the Israeli occupation.
The Lord Mayor expressed his high admiration for the abilities of the Palestinian private sector to take the initiative and progress with this large Rawabi project. "It is a visionary project, which invests in the future, creates vital jobs and contribute in achieving economic prosperity," he said.
Bashar Masri, CEO of Bayti Real Estate Investment Company, expressed his delight and appreciation for the visit of the Mayor, both to Palestine and to Rawabi, which demonstrates the importance of developing economic cooperation between the U.K. and Palestine, while also offering those engaged with Rawabi the benefit of international experiences in building and developing Palestine.
Rawabi is being developed by Bayti Real Estate Investment Company, jointly owned by Qatari Government-owned Qatari Diar and Massar International. Rawabi will provide more than 5000 housing units, will accommodate 25,000 people in the first stages, and more than 40000 people when completed.
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Lord Mayor of City of London visits Rawabi
- Palestine: Wednesday, July 06 - 2011 at 12:24
- PRESS RELEASE
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The Lord Mayor of the City of London, Alderman Michael Bear, visited Rawabi, the first Palestinian planned city, accompanied by the British Consul General Sir Vincent Fean and a delegation made up of British businesspeople.
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Posted by Siba Sami AmmariWednesday, July 06 - 2011 at 12:24 UAE local time (GMT+4)
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About Rawabi:
Rawabi the first Palestinian planned city is the largest private sector project ever carried out in Palestine. The city integrates international planning principles, sustainable environmental practices, regionally-appropriate architecture, state-of-the-art infrastructure, and ease of access for both residents and visitors. Its amenities, which include a commercial center, art spaces, and medical facilities, will make it a destination as well as a home for all Palestinians. Rawabi's cost will exceed $850m.
Rawabi will provide more than 5,000 affordable housing units with 9 different floor plans, spread across 23 neighbourhoods. The city will also include a commercial center, a business district, a hotel and convention center, public and private schools, medical facilities, mosques and a church, as well as extensive green recreation space. Rawabi will initially be home to 25,000 residents, with additional residential and commercial units slated for subsequent construction phases that will ultimately serve a city with a population of more than 40,000.
For more information please call Mohammad Nassar at 022415444.
Media contact:
Hiba Aslan
Bayti Real Estate Investment Company
Tel: +970 2 241 5444
Fax: +970 2 240 9752
Rawabi the first Palestinian planned city is the largest private sector project ever carried out in Palestine. The city integrates international planning principles, sustainable environmental practices, regionally-appropriate architecture, state-of-the-art infrastructure, and ease of access for both residents and visitors. Its amenities, which include a commercial center, art spaces, and medical facilities, will make it a destination as well as a home for all Palestinians. Rawabi's cost will exceed $850m.
Rawabi will provide more than 5,000 affordable housing units with 9 different floor plans, spread across 23 neighbourhoods. The city will also include a commercial center, a business district, a hotel and convention center, public and private schools, medical facilities, mosques and a church, as well as extensive green recreation space. Rawabi will initially be home to 25,000 residents, with additional residential and commercial units slated for subsequent construction phases that will ultimately serve a city with a population of more than 40,000.
For more information please call Mohammad Nassar at 022415444.
Media contact:
Hiba Aslan
Bayti Real Estate Investment Company
Tel: +970 2 241 5444
Fax: +970 2 240 9752
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