The Investment Centre approved sixteen projects totaling $56 million.
The management board of the Investment Centre gave its approval to sixteen projects involving a total investment of $56 million. The setting up of a Four Seasons hotel in Jerusalem at an investment of $40 million was approved. The 260 room hotel will belong to the Four Seasons International chain.
The Vishay factory in Migdal Haemek was allotted a further $6 million. The Ortek factory in Sderot, which produces laser based products, was awarded an investment of $1.5 million.
The administration canceled 23 approval letters totaling $20 million.
Published by Israel's Business Arena January 19, 1998