SME Times is powered by   
Search News
Just in:   • 'Enhanced cooperation between India, B'desh will make S Asia hub for apparel innovations'  • Nepal's economy not like Sri Lanka's, but can go that way: Former central bank Guv  • 'Time to move from 'Volume' to 'Value' leadership in Pharma market'  • Ola Electric slips to 4th spot as EV registrations fall amid fire fears  • T.Raja Kumar takes over as FATF chief 
Last updated: 27 Sep, 2014  

Israel.thmb.jpg Israel to develop desert at a cost of USD 139 mn

israel.flag.jpg
   Top Stories
» 'Time to move from 'Volume' to 'Value' leadership in Pharma market'
» Large borrowers' loan accounts and bad loans decline: RBI
» Kharif 2022: Rice, oil seeds sowing less, pulses, coarse cereals more over 2021
» RBI hits hard on Bitcoin, DeFi, crypto trading platforms
» Import duty on gold increased, may not impact demand
IANS | 15 Jul, 2013
The Israeli cabinet has approved a 500-million-shekel (about USD 139 million) plan for the economic development of the Negev desert.

The five-year plan calls for significant investment in new housing, development of a high-tech sector, upgrading infrastructure, and strengthening local governments, Xinhua reported.

Beersheba, the largest city in Negev, and smaller communities, including Dimona, Yeruham, Arad and Ofakim, have been defined as target communities in the plan.

The plan includes construction of three industrial parks, and would further provide financial incentives for companies to relocate to Negev.

Drawn up by the Prime Minister's Office and the Negev and Galilee development ministry, the plan complements the Israeli military's massive relocation of air and ground bases to the Negev in the coming years.

The government expects the plan to boost Negev's economy by up to 1.7 billion shekels (USD 470 million) every year by 2020.

At Sunday's cabinet meeting, Prime Minister Benjamin Netanyahu called the plan a "historic move", saying that it will create jobs and turn Negev into an important high-tech hub.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 04 Jul, 2022
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» China's forex reserves reach USD 2.85 trillion(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter