Israeli and foreign investors are going ahead with plans to develop Sharm El-Sheikh in the southern Sinai as a resort area despite the government’s acceptance of American peace proposals which may lead to Israel’s withdrawal from at least part of the Arab territories occupied during the June, 1967 Six-Day War. A contract was signed several days ago for the construction of an air terminal and hotel accommodations at Sharm El-Sheikh. The contract went to Arkia, Israel’s domestic airline which will build the “Ophir” Airport at the former Egyptian strong point. The contracts contain a special clause providing compensation for the investors should Israel be forced to evacuate the areas.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
