UAE, Palestine to set up a joint investment firm

18 February 2006

DUBAI —

The UAE and Palestine have agreed to the establishment of a new joint investment company, to be announced within a few weeks, according to Mazen Sinokrot, the Palestinian Minister of Economy, who has recently visited the UAE.
Speaking exclusively to Khaleej Times, Sinokrot said, "The purpose of establishing such venture is to explore the investment opportunities in Palestine, and to boost the economic ties with the UAE.

Further we are planning as well an Initial Public Offering for the company in the UAE."

"We have already started with the first step towards establishing this company by talking to a large number of investors, that are expected to be the seed for the new entity, including Palestinian as well as Emirati investors, and we expect that this company will see the light within the coming few weeks," he added.

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And this is the Country we want to take over 6 ports?