The Palestine Economic Corporation is planning to expand its operations in Palestine, Julius Simon, president, who has just returned from a tour of inspection there, said today.
Pointing out that by far the largest part of the P.E.C.’s investments are in Jewish areas, Simon said the Corporation now has $5,000,000 invested in Palestine and plans to increase that sum shortly. He expressed the belief that American exporters, particularly of industrial equipment, will find “relatively unlimited” opportunities in Palestine.
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