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Last update - 20:00 21/05/2008 Qatari firm to invest in new W. Bank Palestinian town of 5,000 homes By The Associated Press Tags: Qatar, West Bank, Israel, PA A Qatari company on Wednesday signed a $350 million deal with a Palestinian partner for building a new town in the West Bank, the first investment announced at a three-day investment conference. The government-owned Qatar Diar Real Estate Investment Co. will put up two-thirds of the cost, and the Palestinian partner, Masar Company, will provide the rest. The town, to be called Rawabi, will be the first planned community in the West Bank. It will be built near the city of Ramallah, north of Jerusalem. Advertisement The CEO of the Qatari company, Ghanim Bin Saad Saad Al Saad, told The Associated Press that his company will open an office in the West Bank and will get involved in additional projects. Al Saad acknowledged the political risk of investing in the Palestinian economy but said that we have instructions from our government to start investing in the Palestinian territories and to support our brothers in Palestine. The announcement was made at a joint news conference with Palestinian Prime Minister Salam Fayyad. "This is the first signed agreement of the conference," Fayyad said. "This is what the conference is all about, introducing opportunities, making deals." Related articles: Investing in Fayyad Fayyad: Israel shouldn't celebrate independence until peace deal signed Qatar willing to broker cease-fire agreement between Israel and Hamas Bookmark to del.icio.us   Say what you want French court: Claim that Al-Dura tape doctored isn`t libelous. Peace in our time Olmert: Peace talks with Syria are a 'national duty'.   1.   it`s about time 20:03  |  a friend 21/05/08   2.   I hate to say it 20:50  |  heinz 21/05/08   3.   And Israel will 20:51  |  Realistic Arab 21/05/08   4.   We Should Not Allow New Arab Settlements Here In OUR Land 20:55  |  Yishai Kohen 21/05/08

Read & React Al Gore: Israel should lead the way in renewable energy Responses: 125 Olmert to U.S.: Impose naval blockade on Iran Responses: 260 Israel, Syria to begin indirect peace talks Responses: 231 Shein and Berkowitz: The demise of the European left Responses: 141 Rosner's Domain 8 short comments on the Israel-Syria peace talks 5 questions: Does Israel need rescue? Goldberg vs. Boot. I'm going to stay neutral! Rosner's Guests: Israel not likely to invade Gaza soon Can Obama win over Jewish voters? (WTR) More Headlines 02:23 PM to Haaretz: Talks with Syria are 'historic breakthrough' 02:21 ANALYSIS: What will come first, peace treaty or indictment? 23:54 Ex-Olmert aide recorded money transfers between PM, Messer 21:36 8 short comments on the Israel-Syria peace talks 20:37 Golan regional head: Olmert endangering Israel's existence 00:49 Man U defeats Chelsea FC in Champions League final 21:02 French court: Claim that Al-Dura tape doctored isn`t libelous 01:37 Ankara hopes for a direct Israel-Syria meeting next month 22:18 Lebanese relieved as standoff ends; Hezbollah supporters celebrate 21:41 Ex-chief rabbi Eliyahu's condition deteriorates further after stroke 18:31 Microsoft CEO, in Herzliya: Our company almost as Israeli as American 19:31 Hamas: Israel-Syria talks won't affect our 'strategic' ties with Damascus Previous Editions Select Day 21 may 20 may 19 may 18 may 16 may 15 may 14 may 13 may 12 may 11 may 09 may 08 may

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