President Anwar Sadat has accepted in principle an Israeli, plan for land reclamation and irrigation of some 250,000 acres in an area south of Port Said, Agriculture Minister Ariel Sharon reportedly told the Knesset Finance Committee.
The Israel Radio reported today that Sadat would shortly sign the project which was worked out as a joint Egyptian-Israeli venture. Six Israeli engineers took part in the preparation work for the project. It was initiated by an Israeli businessman, Shaul Eisenberg. He is scheduled to meet within the next few days with Egyptian leaders on this project, and possibly with Sadat. Premier Mustapha Khalil of Egypt said in an interview in Haaretz today that he regards the Eisenberg project as a precedent for further mutual investment projects.
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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.
