NEW YORK (Dec. 3)
New capital totaling $168,000,000 has been slated for investment in 608 industrial enterprises in Israel during the 18-month period ending September 30, 1951, according to a survey published by the economic department of the Jewish Agency here.
Non-Israel capital is represented by more than 40 percent of the total. and a substantial amount-unofficially estimated here at $23,000,000, or about one-third of the total foreign capital-represents private American capital.
All 608 enterprises were approved by the Israel Government Investment Center as essential to Israel’s economy, as they will either earn or conserve foreign exchange. The number includes 199 projects already completed, representing $51,000,000 of invested capital; 213 projects under construction, representing an investment of $62,000,000 and 196 other projects, with $55,000,000 of capital investment, in the blue-print stage.
Leading the list of new enterprises are 119 in the metal and machinery field. which are producing automobiles. trucks, machine parts, pipes, fittings, cooling equipment, agricultural machinery, etc. Next on the list are 98 enterprises in the textile field, followed closely by 89 in the food-processing industry.