PDIISPriority Defense Items Information Systems
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PDII is also a 49% shareholder in the West Bank - based Al Ruwad Investment Group, a West Bank registered share-holding company with an initial capital investment of $50m.
Company shares will be made available to the public once PDII is listed at a stock market.
"We don't expect that a Palestinian stock market will develop in the very near future but the PDII stocks will undoubtedly be listed in the stock markets of Arab capitals such as Amman, Beirut and Bahrain," explained a leading investor.
While PDII is the main Palestinian company to have come forward to promote development and investment upgrade the economy in the territories, it will have several subsidiary companies in addition to al Ruwad.
"While many of the diaspora and Jordan based Palestinians have invested the maximum $2m, no West Bank or Gaza based investor has yet-joined their ranks," revealed an investor involved in PDII administration.
The degree of autonomy PDII will have from Palestinian government and Israeli interference is still to be worked out, say founders.
The Jordanian government is one of a number known to have been consulted about PDII. The PLO has been extensively briefed about company plans and intentions and has also given its tacit approval.