To accomplish great things, we must not only act, but also dream; not only plan, but also believe. Anatole France

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4 To accomplish great things, we must not only act, but also dream; not only plan, but also believe. Anatole France

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6 BAYTI PALESTINE

7 About Bayti Bayti Real Estate Investment Company (Bayti) specializes in developing high value turnkey real estate projects to generate attractive risk-adjusted returns through medium-term investments. The company was established in Palestine to jumpstart development of the Palestinian real estate sector. Its mission is to create affordable, accessible, family-friendly communities for Palestinians. Bayti is capitalized by equity funds from private investors who, while seeking to achieve reasonable returns, wish to lend support to the Palestinian national economy. Bayti s shareholders are experienced real estate developers in the region who have built thousands of homes. The company is registered with the Palestinian National Authority. Bayti conducts full due diligence on all of its prospective projects. As the prime developer of our own properties, our market research and analysis includes careful study of synergetic as well as competitive activity, ongoing in-depth political and economic evaluations and detailed exploration of the potential market for our housing product.

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9 PALESTINE Strong Demand for Housing The current estimated housing shortfall in the West Bank is greater than 200,000 units, a figure which increases roughly 10 percent every year. The absence of large-scale housing projects in the West Bank, together with a high birthrate trending at 3.1% growth annually, is creating an acute housing shortage. Land available for housing development within existing Palestinian cities is extremely limited. In recent years, much of the country s significant industrial and service sector activity migrated towards the city of Ramallah in the West Bank. As Ramallah has grown into a bustling commercial and governmental hub, young professionals from all over the West Bank and Gaza are flocking to the city to take advantage of job opportunities and a modern way of life. Within Ramallah today, the demand for new homes is skyrocketing, and along with it, rental rates and land prices. The Ramallah area s inhabitants earn significantly higher income on average than residents of other urban centers in Palestine, which makes Ramallah the most suitable geographic area to launch Palestine s first planned selfcontained community project.

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11 RAWABI Bayti Builds the first Palestinian Planned Community: RAWABI In late 2007, Bayti announced plans to construct Palestine s first planned community called Rawabi, or the hills in Arabic. The town of Rawabi is designed to attract Palestinians seeking affordable housing in a well-zoned accessible environment. Rawabi will offer a true quality of life option well within the financial reach of young Palestinian families as well as Palestine s rapidly growing class of young working professionals. Public - Private Partnership Bayti signed an agreement with the Palestinian Authority in April 2008 inaugurating the first public-private partnership for real estate investment in Palestine. The agreement highlights the commitment of the Palestinian Authority to facilitate the provision of the essential offsite infrastructure and public services to ensure the successful implementation of such private sector initiatives. The agreement is in keeping with the mandates of the Palestinian Reform and Development Plan, in which the Palestinian Authority pledged to increase access to affordable quality housing for families with moderate incomes.

12 Rawabi Heritage Historic Palestine is a melting pot of peoples, languages, cultures, religions, customs and traditions a diamond of a nation, multi-faceted and rare, a prism through which vision and belief is refined and refracted in infinite ways. The narrative of this blessed land begins long before the times of the great and beloved Prophets, and continues to unfold before us. Hills of Olives and Stone The hills of Palestine have been cultivated for thousands of years. Carefully-tended olive groves ornament the terraced hillsides. Ancient stones laid painstakingly by hand, one atop the other, form sheltering walls sculpted from the earth itself. Generations of Palestinians have painstakingly coaxed the landscape to bear fruit and sustain life. A Sense of Community As the roots of the ancient olive trees have embedded themselves in the bedrock of the Palestinian hillsides, so its people have put down deep roots, and from those roots grow, and thrive. The people of Palestine welcome the future while treasuring the past blending and embracing the best of old and new.

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14 Rawabi Living the Dream The town of Rawabi will serve a new generation of Palestinians coming of age and seeking welcoming space to build families, careers and lives. Rawabi takes its name from the sheltering hills that surround it. Intended as a place to live, work, and grow, Rawabi will offer affordable apartments, employment opportunities, schools, healthcare and all the conveniences of a modern lifestyle, including shopping, banking and personal and professional services. When the town is fully built, it will feature more than 5,000 apartment and townhome units housing up to 25,000 residents. Additional residential and commercial units slated for subsequent construction phases will ultimately serve a town with a population of 40,000. The residences will be constructed around a central commercial area, which will feature a pedestrian promenade for shops and restaurants. Banks, grocery stores, medical and professional offices will also be situated within the commercial town center. Rawabi will be a fully self-contained town with schools, community playgrounds, walking trails, a hospital, a hotel and a movie theatre.

15 Residences within Reach Rawabi will feature a combination of apartment homes and town residences with an array of sizes and floor plans to choose from. Young families will have the option of one, two, or three-bedroom homes, each one finished to suit to modern tastes. Homeowners can build to suit selecting their own combinations of features and finishes to make each distinctive residence truly their own. Bayti s design team will also offer fully finished model layouts to choose from; for busy professionals looking for a ready for occupancy option. All residence buildings will come equipped with the latest security features, and ample off-street, protected parking areas. The project plans envisages at least 5,000 affordable housing units varying in size from 95 to 165 square meters each in multi-floor buildings of 3, 4 and 5 levels determined by the land topography.

16 Small Town Feel, Urban Convenience Rawabi is located in the Ramallah/Al-Bireh Governorate. The site of the new community is situated in the central northern part of the West Bank, approximately 3.5 km from Birzeit University; 9 km north of Ramallah; 25 km north of Jerusalem and 25 km south of the city of Nablus. Rawabi is an easy drive to and from the city centers; close enough for a daily commute and to encourage the visits of family and friends. Sheltered amid rolling hills with picturesque views, the site is surrounded by seven villages. More than one million square meters of land in Area A, under the full control of the Palestinian Authority, were purchased from hundreds of Palestinian owners residing in different parts of the world. Rawabi will develop a master plan for more than four million square meters allowing other developers to invest within the zoned areas. The Town Center Office and retail space will be constructed in a mixed used area that surrounds a pedestrian promenade. The mixed-use buildings (commercial and residential) will include luxury apartments. In addition, high-end home construction will include deluxe high-rise apartment buildings erected on the Rawabi s highest elevations that command a panoramic view of the Mediterranean coastline. The shopping center will be constructed during the first phase of the project to serve the needs of Rawabi resident and the residents of nearby villages.

17 Respect for the Environment Bayti plans to minimize and mitigate air and noise pollution with the inclusion of large tracts of green space around the new town limits, and to fully utilize renewable power sources, such as solar energy. Preliminary plans for the town of Rawabi take into consideration the surrounding environs and caters to local tastes, featuring a blend of carefully designed and sourced building materials that will integrate the architectural designs harmoniously with the local culture. Several local professional firms have been engaged and are currently preparing the architectural and engineering plans. The goal is to develop a twenty-first century community that serves the functional needs of its residents and enables surrounding villages and towns to benefit from the developed infrastructure.

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19 RAWABI a Development of Developer:Company Estimated Cost to Build: Scheduled Date of Groundbreaking: Land Holdings: Construction Phases: Number of Housing Units: Size of housing units: Target purchase price of housing units: Bayti Real Estate Investment Company Over US$350 million 2008 Mostly in Area A (9 km north of Ramallah, 3.5 km from Birzeit) 4 more than 5,000 affordable homes and high-end apartment and townhomes 95 to 165 square meters US$43,000 to $78,000

20 BAYTI INVESTORS Massar International MASSAR INTERNATIONAL is an investment holding company headquartered in Ramallah, Palestine that oversees and manages a network of 15 subsidiaries. Its core business activities are real estate development, financial and investment services, and corporate business development. The company s mission is to promote sustainable economic development through private sector capacity building initiatives in Palestine. The MASSAR INTERNATIONAL Real Estate Group develops residential housing projects, commercial properties, combined residential and recreational communities and other land use infrastructure projects for buyers from a variety of socio-economic strata. Having already successfully developed, marketed and managed thousands of new housing units in regional markets, MASSAR INTERNATIONAL now hopes to bring some of this success to Palestine. The Palestinian real estate sector is ripe for growth, where a strong demand for housing has combined with a positive and proactive political and economic environment to create the perfect conditions for decisive investment action. MASSAR INTERNATIONAL believes that its new Palestinian real estate development project will form the cornerstone of a new, modern, viable Palestinian society.

21 QATARI DIAR Real Estate Investment Company QATARI DIAR is entrusted with realizing Qatar s vision for a beautifully built environment, new sustainable communities and developments which catch the imagination of a world audience. QATARI DIAR is a major player in Qatar s emergence as a vibrant investment, commercial, cultural and social community. It is the region s most influential and innovative real estate investment company a master developer and planner whose mission is to promote a better quality of life by creating distinguished legacy developments, planned, built and managed to internationally recognized standards. QATARI DIAR is fully owned by the Qatar Investment Authority and was founded to support Qatar s rapidly expanding economy and to provide structure and quality control for the country s real estate development priorities. Capitalized at US$1 billion, QATARI DIAR has the investment resources to be truly innovative and forward thinking. The company is founded on the world s best practice project development and management disciplines, enabling it to impact on the built environment to enrich and enhance the quality of life of the communities it serves. Although only launched in March 2005, the company has 18 projects underway. QATARI DIAR is building signature projects and facilitating vibrant new communities on an unprecedented scale. These range from the giant Lusail project in Qatar to the development of landmark resorts, such as Ras Al-Hadd eco-tourist resort in Oman, to recreating a kasbah in Al Houara, south of Tangier, to projects in exotic destinations such as the Seychelles and Cuba. QATARI DIAR is determined that its projects will have a significant impact and influence on the way we live around the world, for the enhancement of the planet and its environment and for the long term benefit for the people who live in its communities.

22 A little of this absolute and blue infinity would be enough to lighten the burden of these times. Mahmoud Darwish / Under Siege

23 Contact Information Bayti Real Estate Investment Company 7 Al Kawthar Street Ramallah, Palestinian Authority Phone: Fax: info@bayti.ps

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