Beating both Ireland or Singapore in the bid to host new Intel plant, Israel dedicates 90 acres for new plant in Kiryat Gat, creating 1,000 new jobs for the US technology company’s $10-billion investment.
– Israel’s Finance Minister Moshe Kahlon, “This is the largest investment ever made in the State of Israel.”
By Gad Lior
The US technology company Intel Corporation has announced it is making a $10-billion investment in a new plant in Israel, that will create around 1,000 jobs over the next few years.
Intel Vice President Daniel Benatar and Intel Israel CEO Yaniv Garty informed Finance Minister Moshe Kahlon and Economic Minister Eli Cohen on Monday that the company’s management decided to make the huge investment in Israel instead of in Ireland or Singapore, which competed against Israel for the establishment of the new plant. Continue Reading »
Israeli New Shekel Exchange Rate