New Openings To Israel

-- Companies will take a fresh look at investment prospects in Israel following the Sept. 30 decision by the six-nation Gulf Cooperation Council to end the blacklisting of companies that do business with Israel. Construction giants are likely to be drawn to projects such as multibillion-dollar Israeli-Jordanian water schemes. "The big construction firms working in the Gulf stayed out of the Israeli market," says Tel Aviv consultant Danny Halperin. "This is likely to change." More oil is likely to flow, too, through the Eilat-Ashkelon oil pipeline, which links the Gulf of Aqaba and the Mediterranean.

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