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Swiss Jews to Build Hotels in Israel; Metro-Goldwin-Mayer to Construct Studio

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).