Ramallah - "Jerusalem" dot com - The Palestine Real Estate Exhibition 2022 kicked off today, Monday, which was inaugurated by Prime Minister Dr. Muhammad Shtayyeh, with the participation of 35 companies, 5 banks and 5 sponsors. The exhibition will be held for three days under the auspices of President Mahmoud Abbas, at the Millennium Hotel in Ramallah.

The organization of the exhibition came as an initiative of the Real Estate Developers Union, a strategic partnership with Al-Nabali and Al-Faris Real Estate Company, strategic sponsorship from the Palestine Islamic Bank, gold from Jericho Gate Company, the Royal Group, and Thabet Real Estate Company, and implementation from the “Eventive Public Relations” and “U. TC Investment and Real Estate”, while the inauguration was in the presence of the Governor of Ramallah and Al-Bireh, Dr. Laila Ghannam, the head of the Real Estate Developers Union, Alaa Abu Ein, developers and workers in this sector, businessmen and representatives of banks, and a crowd of citizens.

During his speech at the opening of the exhibition, Prime Minister Dr. Muhammad Shtayyeh said: "The land in Palestine is not only real estate, but rather real estate, identity, and a field of struggle with the occupation. It is also the geographical base for production, and the political base for our Palestinian state with Jerusalem as its capital."

Shtayyeh added: "The issue of development, construction and real estate development for us is very important, in order to enhance people's steadfastness on their land. In addition to that, this sector occupies 13% of the labor force in the Palestinian territories, with 94 thousand people working in the construction and construction sector, and this is a large number." There is nothing wrong with it, and it is considered one of the most important employment sectors in Palestine.”

And the Prime Minister continued: "Jerusalem needs more than anthem and singing, and if there is a sector that needs to be strengthened and developed in Jerusalem, it is the housing sector, because the restrictions on our people in Jerusalem are in order to push them outside the city limits, and therefore I wish the workers in this sector to They devote part of their investments in the city of Jerusalem, and are ready to facilitate what we can.

And Shtayyeh added: "I wish those in charge of this sector to direct work in the countryside, and if there is a message in the construction and real estate sector, it is to strengthen people on their land everywhere, mainly in rural areas that need to strengthen the steadfastness of its people, and that there is interest in workers and insurance." On their lives, in addition to that, the issue of complaints that come from apartment owners must be addressed.

And the Prime Minister went on: "In the Gaza Strip, we need 50,000 housing units, and in the West Bank, we need no less than 10,000 housing units annually. Thanks to the banks for providing financing for this important sector.

And Shtayyeh added: "I say to the mayors, whether it is in Ramallah, Al-Bireh, Betunia and all Palestinian municipalities, we must work with workers in this sector in order to reduce the cost of construction and housing. The square meter in Palestine is high and we need creative and technological solutions in order to reduce the cost, and we We know that the issue is supply and demand, and there is high supply and high demand, but supply does not intersect with demand because of the price. Therefore, workers in this sector must study well how to meet supply and demand in order to provide people with housing that is said to be affordable.

The Prime Minister said: "Investment in this sector is safe, the price of the land does not fall, but rather rises or stabilizes, and the risk in it is negligible in the true sense, and it is an important source of income, and every one of the attendees is a success story, and I hope that we will keep moving forward gradually."

Shtayyeh added: "We, as a government, have opened state lands for investment, and the spirit of partnership between you and us is not in terms of profit sharing. We provide you with state land and endowments to invest in in order to preserve it, and in the coming days we will announce the opening of investment in Jabal Qurantal, which is a land with an area of 8 thousand acres, you as developers are required to come up with ideas and I invite you to cooperate to promote large projects, and we are ready to provide all the elements of success, whether by laws or whether by opening lands for investment.

For her part, the Governor of Ramallah and Al-Bireh, Dr. Laila Ghannam, on the vital role of the private sector in advancing development in Palestine, considering that the exhibition is an opportunity to highlight the excellence of companies working in the field of real estate development.

For his part, Abu Ein stressed the importance of the exhibition in terms of highlighting the vital role played by real estate developers, whether on the economic or national level, through investing in the real estate sector, and providing housing and facilities, in a way that enhances the resilience of citizens.

Abu Ein referred to the participation of about 45 companies in the activities of the exhibition, explaining that among the participants were 35 real estate companies and five banks: the Arab Bank, the Bank of Palestine, the Cairo Amman Bank, the Palestinian Islamic Bank, and the Arab Islamic Bank.

Abu Ein noted that the banks' participation came as a result of their contribution to supporting the real estate sector and providing facilities for it. Relationship to the development of a law for real estate development, investment in and development of government properties.