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Ramallah to see new $50m residential project

Ramallah to see new $50m residential project
Palestine Islamic Bank
ISBK
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On Sunday, the cornerstone for a new residential project by Byder for Development and Real Estate was put into place in Ramallah. Funded by Palestine Islamic Bank (PIB), the project will cost $50 million.

Established in Reef in northern Ramallah, a major city in the Occupied West Bank, the project includes villas ranging in size from 290 to 425 square meters, Palestine News Network reported.


Byder Chairman Nasser Kamal said that the work in Reef project started a while ago. The project aims to meet the needs of families through focusing on interior designs and other details.

The project aims to establish a modern residential neighborhood that includes villas and residential units furnished by distinctive designs, PIB General Manager Bayan Qasem said, noting that this project is an important step for PIB’s plan to become an important strategic partner in real-estate projects.

By: Julian Nabil

Photo Credit: Arabianeye-Reuters