New investments in Israel enterprises in 1963 and those in the planning stage by PEC Israel Economic Corporation, New York will amount to $3,000,000, it was reported by Col. John Furman, president.
Latest among PEC’s ventures is its entry into the fast expanding tourist industry in Israel. Col. Furman announced that PEC is acquiring a 30 per cent interest in United Tours, the country’s leading tour operator which owns a fleet of more than 70 modern motor coaches. Other major investments were made in the construction of industrial factory buildings, the expansion of the tire industry, the production of raw materials for the plastics industry and in urban development.
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.
