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Sharon Urges U.S. Businessmen to Invest in Israel’s Industry

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Israel’s Minister of Trade and Industry, Ariel Sharon, called on American businessmen to invest in Israel’s industry and science-related projects.

“I call on all of you to come and invest in Israel on strictly business terms,” Sharon told more than 1,000 guests at the 33rd annual dinner of the American-Israel Chamber of Commerce at the Hilton Hotel last week.

He said that Israel has been turned in recent years into an “industrial country with strong export tendencies.” Sharon noted that more than one-third of Israel’s yearly industrial products is for export. Israel’s industrial products in 1986 will amount to $6.7 billion, he said.

Sharon said that his government encourages investments in Israel because “we believe in increasing our exports and our industry.”

During the dinner, Sharon presented the 1986 Israel Trade Award to leading American businessmen “who have made a significant contribution or played a pivotal role in strengthening of American-Israel economic relations” Sharon noted Maurits Edersheim, deputy chairman of the Board for Drexel Burnham Lambert Inc., received the Chamber’s “Man of the Year” award.

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