The leaders of Palestine’s Export and investment community are visiting London on 16 and 17 January 2014 to reinforce trade links between the UK and Palestine and attract investment to the nation’s flourishing stock market.
The delegation will be led by the national export body, Palestine Trade Centre (PalTrade) and The Palestine Exchange (PEX), the national stock exchange.
The delegation will also include CEOs of leading Palestinian financial institutions and listed companies including the Palestine Capital Market Authority (PCMA), The Palestine Investment Fund (PIF), PALTEL Group, Bank of Palestine, PADICO Holding, Wataniya Mobile, Sahem Trading and Investment and Lotus for Financial Investment.
The Road Show is part of a strategic drive to increase exports of the Palestinian services sector by promoting potential investment opportunities in the Palestinian economy and portraying success stories of listed companies. It also aims at attracting institutional investors to stocks listed on the Palestine Exchange (PEX), building long term relationships with UK companies, and demonstrating the promising trading environment that Palestine represents.
Palestine has been one of the fastest growing economies in the MENA region over the past five years, achieving GDP growth averaging around 8.4 per cent, despite the global economic slowdown. The Palestinian economy continues to demonstrate exceptional endurance despite political challenges.
Palestine has a strong and vibrant private sector, which is a major driver for economic growth. It has a well regulated and sophisticated financial system and a modern capital market with an advanced investor protection regime that is committed to maintain steady disclosures with 100 per cent commitment by all listed companies and compliance with IFRS by all participants. The Palestine Exchange offers investors who are looking for investments in high performance companies in Palestine a good experience of investing in a robust frontier market with the majority of stocks enjoying free float ratios that are comparable to advanced markets and reassuring turnover ratios.
It is noted that the road show is part of the Trade In Services Project, a 2011 year initiative funded by the European Union (EU) and implemented by the Palestine Trade Center (PalTrade) in partnership with the Palestinian Ministry of National Economy (MONE) under the Trade Diversification / Competitiveness Enhancement Program. The Project’s main objective is to support and empower the services sector within the Palestinian economy. This sector holds a great potential both domestically, in the context of economic diversification, and internationally, through regional integration with neighboring countries and third markets such as the EU. This project essentially supports the efforts by the government and private service sectors in realizing business potential and contributing to the development of the national services export strategies.
