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EILAT TURNS TO INDUSTRY TO COMPLEMENT TOURIST TRADE
Jerusalem Post - Jerusalem
Author: By JUDY MALTZ; Jerusalem Post Reporter
Date: Jan 12, 1989
Start Page: 09
Section: ECONOMICS
Abstract (Document Summary)

The government has also approved plans to set up an optics factory and is expected to approve within the next few months the construction of a cosmetics factory, a health food plant, and a production facility for Koor foods, which already has a pilot centre in Eilat where research is conducted on algae. Another factory awaiting approval - a joint venture between an Israeli firm and a group of German investors - will manufacture special types of computer cable.

The decision to set up an industrial park in Eilat was meant to take advantage of the free-trade zone status conferred on the city in 1985. By providing special tax breaks and other incentives to entrepreneurs the special status was seen as a way of drawing much needed investment to the area. To date, however, the only industrial enterprises based in Eilat are a branch of Zion Cables, controlled by the Clal group and a salt factory owned by the Denkner family.

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