OUR STORY AND MODEL

We are a new organization founded in 2016 to help implement the Office of the Quartet-led Initiative for the Palestinian Economy (IPE). Building on the key areas of development identified as part of the IPE study conducted by McKinsey & Company in 2015, as well as strategic priorities established by the Palestinian Authority, we identify commercially viable, core infrastructure projects and develop them until they are ready to receive funding.

 

WE SEE MASSIVE POTENTIAL IN PALESTINE

We believe in the potential of Palestine to develop quickly once the right infrastructure is in place. Investment risk in Palestine is often overemphasized, while Palestine’s human capital potential and capabilities are under-estimated. We see opportunities everywhere we look.

WE TACKLE THE BIG PROBLEMS

We are focusing on the big issues and big problems in Palestine, such as access to reliable energy, water, and housing. We do not shy away from complexity.

WE EMBRACE NEW IDEAS

We believe that Palestine and the region need fresh and innovative solutions. In our Lab, we incubate pilot projects and potentially groundbreaking technologies that could provide the key to new prosperity.

Shurook – “sunrise” in Arabic – supports private sector-led initiatives in the West Bank, Gaza, and East Jerusalem. In close cooperation with the Palestinian business community, we are developing a $2 billion project pipeline with an initial focus on essential infrastructure needs, including renewable energy, water and waste, and affordable housing. Selected projects must have strong potential to contribute to a foundation for an economically independent state or to rapidly create sustainable job opportunities.

 

Operating as a “deal catalyst,” we identify and develop infrastructure projects from the idea stage until successful funding.

This operating model is based on key frameworks for transformative economic growth in Palestine detailed in strategic plans in recent years – including the Initiative for the Palestinian Economy and the Portland Trust’s Beyond Aid – identifying key opportunities for private sector-led growth.

SEE OUR PROJECTS

Shurook’s formation and vision was inspired by these core ideas.

PROSPERITY IS A NECESSARY CONDITION FOR PEACE

While history has proven time and again that prosperity is not a sufficient condition to peace, it is a necessary condition. With a lower GDP per capita than most of its neighbors, sluggish economic growth, and high unemployment, Palestine is not fulfilling its economic potential.

A LACK OF SOLID INFRASTRUCTURE SEVERELY LIMITS ECONOMIC GROWTH PROSPECTS

Not only does Palestine still lack independent and reliable access to essential infrastructure, such as power, water, and affordable housing, but demand for these services continues to rise without a clear path to increased supply.

PALESTINE’S PRIVATE SECTOR IS THE MOST PROMISING, YET LEAST LEVERAGED ENGINE FOR INFRASTRUCTURE DEVELOPMENT

The Palestinian Authority’s revenue-generating capabilities are hampered by regional politics, and foreign donor aid is trending down as the international community turns to other humanitarian emergencies in the region. But Palestine’s business community has a proven track record of success and a demonstrated commitment to leading economic growth.

THE REGION NEEDS NEW, TESTED MODELS FOR INFRASTRUCTURE DEVELOPMENT TO SCALE

As governments across the region struggle with overwhelming constraints, the use of new technologies and deployment methods, combined with the strong engagement of the private sector, could provide a new model for countries to restore or rebuild the foundational elements necessary for economic progress.

LEARN MORE
+ WHO WE ARE

We are a new organization founded in 2016 to help implement the Office of the Quartet-led Initiative for the Palestinian Economy (IPE). Building on the key areas of development identified as part of the IPE study conducted by McKinsey & Company in 2015, as well as strategic priorities established by the Palestinian Authority, we identify commercially viable, core infrastructure projects and develop them until they are ready to receive funding.

 

WE SEE MASSIVE POTENTIAL IN PALESTINE

We believe in the potential of Palestine to develop quickly once the right infrastructure is in place. Investment risk in Palestine is often overemphasized, while Palestine’s human capital potential and capabilities are under-estimated. We see opportunities everywhere we look.

WE TACKLE THE BIG PROBLEMS

We are focusing on the big issues and big problems in Palestine, such as access to reliable energy, water, and housing. We do not shy away from complexity.

WE EMBRACE NEW IDEAS

We believe that Palestine and the region need fresh and innovative solutions. In our Lab, we incubate pilot projects and potentially groundbreaking technologies that could provide the key to new prosperity.

+ WHAT WE DO

Shurook – “sunrise” in Arabic – supports private sector-led initiatives in the West Bank, Gaza, and East Jerusalem. In close cooperation with the Palestinian business community, we are developing a $2 billion project pipeline with an initial focus on essential infrastructure needs, including renewable energy, water and waste, and affordable housing. Selected projects must have strong potential to contribute to a foundation for an economically independent state or to rapidly create sustainable job opportunities.

 

Operating as a “deal catalyst,” we identify and develop infrastructure projects from the idea stage until successful funding.

This operating model is based on key frameworks for transformative economic growth in Palestine detailed in strategic plans in recent years – including the Initiative for the Palestinian Economy and the Portland Trust’s Beyond Aid – identifying key opportunities for private sector-led growth.

SEE OUR PROJECTS
+ WHY IT MATTERS

Shurook’s formation and vision was inspired by these core ideas.

PROSPERITY IS A NECESSARY CONDITION FOR PEACE

While history has proven time and again that prosperity is not a sufficient condition to peace, it is a necessary condition. With a lower GDP per capita than most of its neighbors, sluggish economic growth, and high unemployment, Palestine is not fulfilling its economic potential.

A LACK OF SOLID INFRASTRUCTURE SEVERELY LIMITS ECONOMIC GROWTH PROSPECTS

Not only does Palestine still lack independent and reliable access to essential infrastructure, such as power, water, and affordable housing, but demand for these services continues to rise without a clear path to increased supply.

PALESTINE’S PRIVATE SECTOR IS THE MOST PROMISING, YET LEAST LEVERAGED ENGINE FOR INFRASTRUCTURE DEVELOPMENT

The Palestinian Authority’s revenue-generating capabilities are hampered by regional politics, and foreign donor aid is trending down as the international community turns to other humanitarian emergencies in the region. But Palestine’s business community has a proven track record of success and a demonstrated commitment to leading economic growth.

THE REGION NEEDS NEW, TESTED MODELS FOR INFRASTRUCTURE DEVELOPMENT TO SCALE

As governments across the region struggle with overwhelming constraints, the use of new technologies and deployment methods, combined with the strong engagement of the private sector, could provide a new model for countries to restore or rebuild the foundational elements necessary for economic progress.

LEARN MORE