Israeli and foreign investors are going ahead with plans to develop Sharm El-Sheikh in the southern Sinai as a resort area despite the government’s acceptance of American peace proposals which may lead to Israel’s withdrawal from at least part of the Arab territories occupied during the June, 1967 Six-Day War. A contract was signed several days ago for the construction of an air terminal and hotel accommodations at Sharm El-Sheikh. The contract went to Arkia, Israel’s domestic airline which will build the “Ophir” Airport at the former Egyptian strong point. The contracts contain a special clause providing compensation for the investors should Israel be forced to evacuate the areas.
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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.
