A series of proposals to strengthen the status of Jerusalem as Israel’s capital and further its economy and development were approved unanimously by a ministerial committee Sunday. The proposals were made by a steering committee headed by Chaim Kubersky.
The ministerial committee agreed that five senior Cabinet Ministers would be in charge of further implementing the basic law which established Jerusalem as the seat of government. They are the Premier and Vice Premier, the Interior Minister, Finance Minister and Minister of Economy and Planning.
They will be authorized to establish by-laws covering all aspects of the basic law. By so doing, the declarative status of the basic law will be guaranteed and given an executive character.
The ministerial committee also decided that science-based industries would be given preferred status in Jerusalem with respect to land prices, tax abatements and grant levels. In addition, a development authority will be established to coordinate the activities of the government and municipal companies operating in Jerusalem.
It will be charged with preparing long-range plans for the development of the city. A company, to be called “Jerusalem,” will be created as an economic lever to advance development initiatives. It will have a capital base and receive allocations of assets and State lands.
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