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Ampal Plans to Increase Its Investments in Israel Enterprises

AMPAL, the Israel-American investment firm, and its affiliates posted new records in capital growth and credit during the past six months, Abraham Dickenstein, AMPAL president, reported at a press conference here today.

Capital was increased by $1,000,000 and credit resources were boosted by $8,000,000, he said. He also disclosed AMPAL plans to invest $15,000,000 in Israel during the next three to five years. He said that the funds will be invested in various Koor enterprises, in Tel Aviv municipal programs and in a construction company which will build rental apartments.

Mr. Dickenstein said that the Israel American Industrial Development Bank, an AMPAL subsidiary, planned to float a 10,000,000 Israel pound debenture issue in Israel.