Two new Israeli firms have begun building homes in Turkey, it was announced here today. In addition, the Ministry of Trade has granted licenses for the importation of some $600,000 worth of Israeli cement and other building supplies.
Wolfberg Udassin Company, one Israeli construction company, has just signed a $2,000,000 contract to build a block of apartment houses containing 1,000 apartments. Yesodot Binyamin Company will build, in cooperation with local contractors, two-story homes in the suburbs of Istanbul.
The granting of licenses for the importation of Israeli building materials is seen as a positive sign for Israel-Turkish trade prospects, because the Trade Ministry is granting very few import licenses these days.
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