PITA Competitors

The city of Rawabi was born of a strategic partnership forged between Massar International Chairman Bashar Masri and the State of Qatar. Built on a series of breathtaking hilltops north of Jerusalem and Ramallah, Rawabi overlooks the Mediterranean Sea to the west and the landscape of Palestine to the north and east. As Palestine’s first master-planned city, Rawabi is an innovative approach to urban development, integrating best practices in planning, sustainability, and resource conservation. The city will initially comprise roughly 6,000 housing units spread across 22 neighborhoods, eventually becoming home to more than 25,000 residents. Subsequent construction phases will bring the city’s population to 40,000. Rawabi embraces elements of Palestine's architectural heritage and blends them into a sleek, modern design aesthetic. A bustling urban core anchors surrounding neighborhoods. The city center’s pedestrian promenade bursts with shopping and entertainment options. In the gleaming high-rise towers above, business incubators and growing enterprises support the nascent knowledge economy fueling the life of the city. Every facet of day-to-day living has been considered in Rawabi’s master plan. Rawabi English Academy, the city’s first school, welcomed students in September 2016. A full complement of vital public services, including a regional hospital, urgent care clinics, emergency response stations and houses of worship are nearing completion. Residents already enjoy exciting entertainment at WaDina, Rawabi’s massive sports and recreation complex, featuring a Roman-style open-air theater complete with seating for 15,000. For the hundreds of families currently living in the city, the dream of Rawabi has already come true. But with so many more exciting developments on the way, the best is yet to come!

Asala for Credit and Development Company is a specialized Palestinian credit company working to enhance and empower women and youth through the provision of suitable financial services (loans). These services help recipients start or improve their small businesses and secure sustainable jobs, thereby contributing to poverty alleviation in Palestine. Asala for Credit and Development Company was founded in compliance with the new banking law of Palestine, which includes specialized lending institutions. The banking law and the Palestine Monetary Authority's regulations required that all credit programs should be registered as private shareholding companies. The Palestinian Businesswomen's Association transferred all of its loan portfolio, assets and liabilities to Asala for Credit and Development shareholding company and benefitted from a valuable cash investment from Sharakat Investment Fund, an MSME oriented fund cofinanced and managed by the Palestine Investment Fund. Asala registered and received its license in 2014.