Updated:
Palestine Investment Fund
The Palestine Investment Fund was established in 2003 as the sovereign investment vehicle for the Palestinian Authority. Mohammad Mustafa served as its...
Palestine Investment Fund
The Palestine Investment Fund was established in 2003 as the sovereign investment vehicle for the Palestinian Authority. Mohammad Mustafa served as its long-time chairman before becoming Prime Minister. The fund's mandate centers on domestic projects in housing, industry, and utilities rather than global portfolio allocation. Deployment occurs through wholly owned subsidiaries and joint ventures. Real estate holdings include the completed Al-Jinan Residential Neighborhood in Jenin, the under-development Moon City project in Jericho, and the Ersal Center commercial complex in Ramallah, all managed via Amaar Real Estate Investment Group. Energy exposure covers the Gaza Marine gas field in partnership with Consolidated Contractors Company and the Jericho Cement Mill with 1.13 million tons annual capacity. Financial services vehicles comprise Aswaq for Financial Investments and Sharakat for Small and Medium Enterprises, both 100 percent owned. Public equity positions on the Palestine Exchange include a 34.03 percent stake in Ooredoo Palestine and a 38.87 percent stake in Sanad Construction Resources. Geographic reach stays within the West Bank and Gaza Strip. Assets under management stand at $957 million. The fund maintains its headquarters in Ramallah and operates the Palestine for Development Foundation as its philanthropic arm, which has run the Gaza Financing Program and RISE Palestine initiative. In October 2024 the fund sponsored World Investor Week 2024, covering technology, digital finance, and sustainable finance topics. Membership in the International Forum of Sovereign Wealth Funds and signatory status to the Santiago Principles impose disclosure and governance standards distinct from typical family offices or private vehicles. Full ownership of holding companies such as Amaar, Massader, and Palestine Commercial Services Company keeps investment execution and operational control inside the same structure.
General information
Firm type
Sovereign Wealth Fund
Year founded
2003
Location
Region
Middle East
Country
Palestine
City
Ramallah
Corporate office
Al-Ersal St. Amaar Building, PO Box: 413
Principals
Mohammad Mustafa
Chairman
Sector focus
Frequently asked questions
Who runs investment decisions at Palestine Investment Fund?
Mohammad Mustafa has served as chairman since the 2003 founding. Decisions flow through the board and subsidiary operating companies rather than external managers.
Does Palestine Investment Fund participate in fund commitments or only direct deals?
The fund executes direct project ownership and joint ventures. It holds a limited partner position in Ibtikar Fund via Sharakat but otherwise deploys through its own subsidiaries.
Which sectors does Palestine Investment Fund target?
Confirmed activity spans real estate through Amaar Real Estate Investment Group, energy via Massader and the Gaza Marine field, and financial services through Aswaq and Sharakat.
Where does Palestine Investment Fund maintain its geographic footprint?
All disclosed projects sit inside the West Bank and Gaza Strip, including developments in Ramallah, Jericho, Jenin, and Bethlehem.
How is Palestine Investment Fund related to its portfolio companies?
It owns 100 percent of Amaar Real Estate Investment Group, Massader for Natural Resources and Infrastructure, Aswaq for Financial Investments, and Sharakat for Small and Medium Enterprises.
Does Palestine Investment Fund maintain philanthropic structures?
The Palestine for Development Foundation serves as its philanthropic arm, with programs including the Gaza Financing Program and RISE Palestine initiative.
What governance standards does Palestine Investment Fund follow?
It is a signatory to the Santiago Principles through membership in the International Forum of Sovereign Wealth Funds.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on sovereign wealth funds?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: