Union Construction and Investment and Bank of Palestine Sign a Cooperation Agreement to Finance the Purchase of Lands and Residential Units

Union Construction and Investment and Bank of Palestine Sign a Cooperation Agreement to Finance the Purchase of Lands and Residential Units

December 8, 2019

Ramallah - Union Construction and Investment has signed a partnership and cooperation agreement with Bank of Palestine that aims to provide all possible incentives and facilities and diversify the financing options offered to those wishing to purchase lands and residential units from TABO and Al Masyoun Gardens projects. The agreement was signed by Khaled Al Sabawi, CEO and Vice Chairman of BOD of Union Construction and Investment, and on behalf of Bank of Palestine, the General Manager Rushdi Al Ghalayini.

Regarding signing this agreement, Eng. Khaled Al Sabawi expressed his pride in the partnership with Bank of Palestine, which has a distinguished customer base, and provides leading banking products and services that support the overall economic development process. He explained that the Bank's contribution in facilitating the purchase of lands and residential units helps in stabilizing our people inside their homeland.

Al-Sabawi emphasized the importance of cooperating with Bank of Palestine, due to the special attention given by Union Construction and Investment to its customers and to provide suitable financing options compatible with their financial possibilities, in addition to its continued seeking to expand its customer base by reaching those who prefer to complete the purchase of lands and residential units through banks, which is provided by this agreement; whereas the two parties shall provide all means of support and facilities for those wishing to own a property in TABO and Al Masyoun Gardens projects, and overcome any difficulties may face those people.

Eng. Khaled Al Sabawi added: “We at Union Construction and Investment are always seeking to chart new features of the constructional outlook in Palestine and provide everything that will facilitate and improve the lives of our customers. Therefore, we did not hesitate to enter into this partnership with Bank of Palestine to facilitate their ownership of lands from TABO project, which gives the Palestinians at home and abroad the opportunity to own a plot that is parcelized, has a title deed, and provided with infrastructure services at affordable prices in their homeland. In addition to its important role in helping Palestinians to protect their land from settlement expansion. As well as owning apartments from Al Masyoun Gardens project, which includes a unique series of integrated residential projects, that are designed in accordance with the highest international standards, and provides 100 model residential units for the Palestinian citizen. "

Mr. Rushdi Al-Ghalayini, General Manager of Bank of Palestine, expressed his pride for cooperating with Union Construction and Investment, and he stated that the agreement will facilitate financing for those who want to purchase properties from Union Construction and Investment He added that this comes in the context of the Bank's efforts to reach customers and serve them and meet their financing, financial, and banking needs to achieve their hopes.

It is worth mentioning that Union Construction and Investment is one of the leading companies in the field of investment and real estate development in Palestine It was founded in 2005 by a group of experienced Palestinian and Arab businessmen supported by some of the investment companies in the Arab world. UCI has worked since then to change the culture of commercial and residential development in Palestine.

Union Construction and Investment has constructed a number of buildings that are major landmarks in Palestine, including UCI main building in Al Masyoun area in Ramallah, which is the first environmentally friendly building in the region. The company also built Arcadia residential complexes, and the first single residential community in Palestine Al Etihad Villas, in addition to the leading TABO project and the series of Al Masyoun Gardens residential projects located in Al Masyoun neighborhood in Ramallah.

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