TEL AVIV (May. 26)
Metro-Goldwyn-Mayer, Hollywood film studios, will soon construct a studio in Israel, according to an announcement today. The motion picture company has already asked for incorporation papers.
A group of Swiss Jewish industrialists will build three hotels in Tel Aviv, Jerusalem and Haifa, each comprising 150 rooms. The capital investment is given at about 1,500,000 pounds (about $4,500,000).