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Israel Will Need Investment Capital of $1,000,000 in Next New Years, Official Says

Israel will need an investment capital totalling at least one billion dollars during the next few years, Oscar Gass, economic adviser to the Provisional Government of Israel, told a meeting arranged by the Keren Hayesod here. He also emphasized that the Jewish state is a potentially excellent assembly, distribution and maintenance center for American countries interested in selling their products to the Middle East.

Israel, in addition to its effective service as a “springboard to the vast and practically untapped Middle East market,” Gass declared, is also a potentially large consumer of U.S. machinery, equipment and industrial products. He revealed that the Keren Hayesod transmitted approximately $25,000,000 to the Jewish state during the past six months.