Israel will need an investment capital totalling at least one billion dollars during the next few years, Oscar Gass, economic adviser to the Provisional Government of Israel, told a meeting arranged by the Keren Hayesod here. He also emphasized that the Jewish state is a potentially excellent assembly, distribution and maintenance center for American countries interested in selling their products to the Middle East.
Israel, in addition to its effective service as a “springboard to the vast and practically untapped Middle East market,” Gass declared, is also a potentially large consumer of U.S. machinery, equipment and industrial products. He revealed that the Keren Hayesod transmitted approximately $25,000,000 to the Jewish state during the past six months.
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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.
