Israel Decides to Establish Top Body to Act on Foreign Investments
Menu JTA Search

Israel Decides to Establish Top Body to Act on Foreign Investments

Download PDF for this date

The Ministries of Finance and Commerce and Industry decided here today to establish a Joint Investment Authority to act as the government’s top body for planning and organizing foreign investments in Israel, it was officially announced here today. Dr. Zvi Dinstein, controller of foreign exchange in the Ministry of Finance, was named head of the new Authority.

The existing Investment Center will continue to have responsibility, under the overall Authority, for the implementation of the law aimed at encouragement of foreign investments. The new Authority will inaugurate its activities in the next few weeks, when its first emissaries will visit the United States. Pinhas Sapir, Minister of Trade and Industry, will also visit the United States in March.

Founding Funders

The digitization of the JTA Archive would not have been possible without the generous support of the following donors:
  • The Gottesman Fund
  • Righteous Persons Foundation
  • Charles H. Revson Foundation
  • Elisa Spungen Bildner and Robert Bildner, in honor of Norma Spungen
  • George S. Blumenthal
  • Grace and Scott Offen Charitable Fund