Communicated by Jubilee
Business Conference Spokeswoman
Jerusalem, 30 August 1998

2,000 expected for PM's Jubilee Business Conference

 

International business and financial leaders continue to register for the Prime Minister's Jubilee Business Conference, to be held in Jerusalem on 13-15 October 1998. Among others, executives and industrialists from Britain, France and Japan have confirmed their attendance, and will be looking to forge relationships with their Israeli counterparts, locate partners for cooperative ventures and identify investment opportunities. The latest additions to the list of conference attendees include:

The JP Morgan investment bank, which will be sending a senior delegation of potential British investors, headed by the bank's president, in order to examine investments in infrastructure and technology projects, as well as in the spheres of trade and finance.

France's Lazard Freres investment bank and the Vivendi Group, which has investments in communications, transportation, water, sewage systems and infrastructure. In addition, the Bouyges Group, which specializes in communications, finance and infrastructure projects, is currently considering participating in the conference, after years of abstaining from investment in Israel due to the Arab boycott.

Japan's Nissho Iwai, whose president, Masatake Kusamichi, will head a 10-person delegation to the conference. Nissho Iwai is active in Israel in the fields of communications, energy, agriculture and petrochemicals. The company finances both international projects for Israeli firms operating abroad and the export of Israeli high-tech products, while also investing in start-up companies, venture capital funds and joint Israeli-Jordanian projects.

According to Shahar Meidan, Nissho Iwai's business manager in Israel, in the past year, the company has approved $800 million in funds for cooperative efforts with Israeli companies in developing countries, primarily in communications and energy. Recently Nissho Iwai also decided to invest about $300 million in the construction of a freight rail line between the Dead Sea and the Gulf of Eilat, in cooperation with a leading Israeli company and an American firm.