A distinguished economic and political figure, he holds a PhD in Business Administration and Economics from George Washington University. Since 2022, he has been serving as a member of the Executive Committee of the Palestine Liberation Organization (PLO) as an independent member, where he heads the Economic Department. He has also been the Chairman of the Board of Directors of the Palestine Investment Fund (PIF) since 2015.
Throughout his career, he has worked with numerous international, regional, and private economic institutions in Palestine, the Arab region, and the United States, specializing in governance, institutional development, development policies, and infrastructure advancement.
Dr. Mustafa has led the Palestine Investment Fund to become one of the most significant economic institutions in Palestine, elevating its regional and international standing through partnerships with numerous financial and private institutions. Under his leadership, the fund has attracted substantial investments and secured membership in the International Forum of Sovereign Wealth Funds (IFSWF). These efforts have resulted in an investment portfolio comprising 70 projects, 95% of which are inside Palestine. The fund's programs cover seven economic sectors, including energy, healthcare, digital economy, industry and trade, agriculture, real estate, and tourism.
During this period, the fund has achieved remarkable milestones in investment impact, job creation, reducing dependency on imported products, strengthening the private sector, and contributing to Palestine’s GDP. Financially, the fund has successfully distributed profits to its sole shareholder—the state—amounting to approximately 150% of its paid-in capital. The fund's current investment value stands at $2.3 billion, with total assets reaching nearly $1 billion.
The fund operates within a transparent institutional framework, adhering to the highest governance standards. It has implemented several measures to enhance corporate governance, ensuring integrity, transparency, and separation of powers. These measures were developed in collaboration with leading global firms and comply with international best practices. A set of comprehensive guidelines has been established to govern various operational procedures, which are regularly reviewed and updated.
Additionally, the fund and its subsidiaries adhere to a robust internal control system designed to uphold governance efficiency. An independent internal audit department, reporting directly to the Audit Committee within the Board of Directors, collaborates with leading global firms to ensure compliance. Currently, the internal audit department works with Deloitte for auditing services. Moreover, the fund’s financial statements undergo independent external audits by an internationally recognized firm, PricewaterhouseCoopers (PwC), which provides an independent opinion on the accuracy of financial reports. These reports are prepared in accordance with International Financial Reporting Standards (IFRS) and are published on the fund’s official website as part of its annual report, which is approved by its General Assembly.
These rigorous financial and governance practices have established the Palestine Investment Fund as a credible institution, earning the trust of investors, the private sector, and international financial institutions alike.