Gulf Times report: Palestinians build $1bn dream city in W Bank
9 August 2013
A gleaming hi-tech city, with homes for 40,000 residents, cinemas, shopping malls, schools, landscaped walkways, office blocks, a conference centre, restaurants and cafes, is rising on a crest within sight - on a clear day - of the Tel Aviv skyline, reports the Gulf Times. A third of the $1bn investment in Rawabi has come from the private Palestinian conglomerate Massar International and two-thirds from Qatar. “The risks are extremely high,” says Bashar Masri, chief executive of Massar and the driving force behind Rawabi. “But I wanted to create an impact project, and I wanted to show we can build a great economy and create jobs.”
Read More
