PALESTINE REAL ESTATE INVESTMENT CO

What PALESTINE REAL ESTATE INVESTMENT CO does

Palestine Real Estate Investment Co (PRICO) is a publicly listed Palestinian real estate investment and development company headquartered in Ramallah and traded on the Palestine Exchange under the ticker PRICO. Founded in 1994, the company operates a diversified portfolio of more than 29 projects spanning residential developments, commercial real estate, industrial cities, hotel and resort operations, renewable energy installations, and construction contracting across the West Bank, Gaza Strip, and Jordan.

PRICO's business model combines one-time real estate development with longer-duration asset operation. The firm develops and constructs properties directly (Ministries Compound in Ramallah, Nablus Municipal Commercial Complex, National Beverages Coca-Cola headquarters, the Aziza poultry slaughterhouse), and participates in Build-Operate-Transfer arrangements such as the 49-year renewable concession for the Blue Beach Resort chalets in Gaza and the multi-year operating agreement for the Ramallah Scout Building. Property management and renewable energy operations (a 7.3 MW solar plant at Gaza Industrial City and sub-MW installations at Blue Beach, Jericho, and Park Plaza Jordan) generate recurring service-style revenue alongside the development book.

The company serves a hybrid customer mix anchored on Palestinian government ministries and municipalities for infrastructure mandates, complemented by enterprise clients such as National Beverages Company (Coca-Cola) and Palestine Poultry Company (Aziza, a PADICO Holding subsidiary), and individual residential buyers reached through the company's bilingual website booking system. Go-to-market is primarily direct sales to public sector and enterprise counterparties, with a self-serve web channel for consumer property bookings and an investor relations function supporting its public listing. PRICO employs 51-100 staff and continues to publish annual reports through 2024.

Name

PALESTINE REAL ESTATE INVESTMENT CO

Legal name

Palestine Real Estate Investment Company (بريكو)

Website

https://prico.ps

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

51–100 employees

Short description

Palestine Real Estate Investment Co (PRICO) is a publicly listed Palestinian real estate developer and investor with 29+ projects spanning residential, commercial, industrial cities, hospitality, and solar energy across Palestine and Jordan, serving government, enterprise, and consumer clients.

Ownership category

akta.pro rank

Product category

Real Estate Development & Investment

NAICS

Real Estate and Rental and Leasing (53), Rental and Leasing Services (532)

SIC

Investors, Nec (6799), Real Estate Investment Trusts (6798)

akta.pro primary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

Keywords

• Real estate development
• Property management
• Construction services
• Renewable energy investment
• Commercial real estate

Headquarters

HQ city

Ramallah

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Real Estate Development: Development and construction of commercial, residential, and industrial real estate projects across Palestine, including hotels, office buildings, residential compounds, and industrial cities.
2. Property Management and Operations: Operation and maintenance services for built properties including Scout Building management in partnership with Ramallah Municipality and solar energy systems.
3. B.O.T Projects: Build-Operate-Transfer projects such as Blue Beach Resort chalets developed under 49-year renewable agreement with Palestinian Ministry of Housing.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Palestine Real Estate Investment Co (PRICO) is a Palestinian real estate investment and development company that develops, constructs, owns, and manages a diversified portfolio of commercial, residential, office, hospitality, infrastructure, and renewable energy projects. The company executes projects both directly and through construction contractors, and generates revenue through property sales, leasing, property management, and energy investments across 29 projects.

Product overview

PALESTINE REAL ESTATE INVESTMENT CO (PRICO) operates as a diversified real estate investment platform offering multiple interconnected services including residential and commercial property development, industrial zone management, renewable energy (solar) projects, hotel and resort management, and construction contracting services. The company manages projects across Palestine with some regional presence in Jordan, serving government agencies, private businesses, and individual consumers through its integrated portfolio of development, construction, and operational services.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Real Estate Development

Named customers6 records

Segments3 records

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and major.

• Ramallah Municipality and First Ramallah Scout GroupcoreStrategic or Co-development Partner · 1 January 2016PRICO developed and renovated the Scout Building in Ramallah in 2016 under a 7-year agreement (later extended to 9 years) and currently manages its operation and maintenance.
• Palestinian Ministry of HousingmajorStrategic or Co-development Partner · 1 January 2015B.O.T. (Build-Operate-Transfer) partnership for Blue Beach Resort in Gaza - 49-year renewable operating agreement.
• Palestinian National Authority - Ministry of HousingmajorStrategic or Co-development Partner · 1 January 1995First integrated residential suburb in Gaza - Al-Nada housing project for 1,500 units under agreement with Palestinian National Authority, with Phase 1 delivering 500 units.
• Palestinian Ministry of Public Works and HousingcoreStrategic or Co-development PartnerPRICO executed the Ministries Compound construction project under contract with the Ministry of Public Works and Housing, delivering two buildings of approximately 26,000 square meters for the Ministries of Interior, Economy, and Public Works.
• Nablus MunicipalitycoreStrategic or Co-development PartnerPRICO executed one of the largest construction projects in the West Bank - the Nablus Municipal Commercial Complex spanning approximately 60,000 square meters.
• Palestinian Ministry of HousingmajorStrategic or Co-development PartnerB.O.T agreement for Blue Beach Resort development - PRICO develops and operates the 22,000 sqm resort for 49 years renewable, then transfers to the Ministry.
• Palestine Poultry Company (Aziza) - Part of PADICO HoldingmajorStrategic or Co-development PartnerPRICO constructed the Aziza poultry slaughterhouse project in Tulkarem on approximately 4,500 square meters for this PADICO Holding subsidiary.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Arab Palestinian Investment Company (APIC): APIC is a Palestinian joint-stock investment company engaged in real estate development, industrial parks, and capital investments across Palestine and the wider region. It directly parallels PRICO's investment, development, and industrial-city business model and competes for similar government and private-sector mandates.
• Union Construction & Investment (UCI): UCI is a Palestinian real estate and construction investment firm executing residential, commercial, and infrastructure projects in the West Bank. It directly competes with PRICO for Palestinian government tenders and private real estate development opportunities.
• Rawabi Holding / Bayan Real Estate Company: Rawabi is the developer of the master-planned Palestinian city north of Ramallah and a flagship example of large-scale Palestinian real estate development. It represents a comparable large-scale residential/mixed-use development peer with similar institutional relationships and target customer base.

Regional players

• Massar International Real Estate Investment: Massar is a Palestinian real estate investment firm listed on the Palestine Exchange focused on property development and investment in Palestine. It is a direct regional peer also serving the same domestic capital markets and similar institutional customer segments.
• Azorim Investment, Development & Construction Co. Azorim is an Israeli real estate development and construction company operating in residential, commercial, and urban renewal segments. It serves as a regional adjacent peer with comparable construction-led real estate business model operating in the same Levantine geography.

Broad incumbents

• Dar Al Arkan Real Estate Development: Dar Al Arkan is a leading Saudi-listed real estate developer with large-scale residential, commercial, and mixed-use projects across MENA. It serves as a broader incumbent benchmark for Middle Eastern listed real estate investment companies targeting government and institutional clients.
• Al Rajhi Investment (Real Estate Division): Al Rajhi is a major Saudi financial and real estate group with regional property development operations. While far broader in scale, it represents a comparable large, diversified regional player with mixed residential, commercial, and hospitality real estate exposure in MENA markets.
• PADICO Holding: PADICO Holding is the largest Palestinian investment holding company with broad exposure to real estate, industry, telecommunications, and financial services. It is a natural counterpart to PRICO and is referenced as a partner parent (Palestine Poultry Company / Aziza is a PADICO subsidiary). Both companies operate across Palestinian territories with diversified investment portfolios.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/PRICOPalestine

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PALESTINE REAL ESTATE INVESTMENT CO