NEW YORK (Jun. 6)
The younger generation of American Jewish businessmen investing in Israel is motivated less by sentiment than by sound business principles, according to Ralph Cohen of Bridgeport. Conn., the newly elected president of the Ampal-American Israel Corporation. Ampal has channeled over $600 million to business enterprises in Israel during the last 30 years.
Cohen said “The new generation of investors tends to compare investments in Israel with those in the United States and other countries around the world and to look for the best return they can get on the dollar. Unlike their parents who were motivated by a deep Zionist attachment to Israel and all it stood for, they tend to look to Israel’s courage and enterprise, her high employment rate and concentration of brain power to guarantee the soundness of their investment,” Cohen said.
The new Ampal president has been associated with the corporation in the US and Israel for 20 years, He succeeded Abraham Dickenstein, one of the Ampal founders.