AMPAL–American Israel Corporation will invest $10,000,000 in Israel this year in the first phase of a $50,000,000 investment program to be carried out over the next five to ten years, Abraham Dickenstein, president of AMPAL, announced today.
Mr. Dickenstein told a meeting of the AMPAL Board that this year’s investments would be in expansion of the productive capacity of major industrial exporters, in construction of upper and middle-income apartment houses, and in purchase of heavy equipment for Israel’s largest construction company.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
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.
