Abraham Dickenstein, manager of Ampal–American Palestine Corporation–has arrived here in connection with industrial projects in which Ampal is investing $6,000,000.
Some $2,000,000 will be invested in a plant near Afikim which will manufacture masonite and asbestos board, while another $2,000,000 will be invested through Ampal’s subsidiary in the Israeli maritime industry in order to expand Israel’s merchant fleet, he revealed.
Two hotels costing $1,000,000 will be built by Ampal in Tel Aviv and Beersheba, while it will invest another $500,000 in a glass factory at Beersheba and $500,000 in a fuel company. Some $60,000 will be invested in a corporation in Eingev which markets fish products.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
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.
