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Regarding the action plan for the next phase, Mr. Hulileh stated that the company is “moving forward in advancing the development projects it launched in the past years, most importantly Jericho Gate for Real Estate Investment Project, which is a large project that requires relatively large financing and a long period of implementation that extends to ten years. In addition to other projects, such as Nakheel Palestine for Agricultural Investment, in which more than USD 15 million were invested, it is expected to achieve the break-even point in 2018. In addition to the Power Generation Project in the Northern West Bank, a project at a cost of USD 620 million, in which PADICO HOLDING holds a share of 20%, as well as Rabiyat al-Quds Project in the Sharafat area in Jerusalem, and several other investment projects”.
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