Robert Szold, head of the Palestine Economic Corporation, arrived here to study the company’s activities in Israel and plans for the new industrial development sponsored by the P. E. C. which will bear his name.
He told reporters that the aim of the Palestine Economic Corporation is to strengthen Israel’s economic position. The company, he said, had already invested $10,000,000 in Israel industries, of which $4,000,000 was in new paper mills. The company, he said, has also become affiliated with an oil company which has received a government concession for drilling here.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
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.
