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facilities and courses for such ac-
tivities as rappelling, hang-glid-
ing and all-terrain vehicles, as
well as jeep and mountain bike
tours.
However, all that is due to
change in the near future. In a
development that appears to be
indicative of the plans through-
out the area, Mitzpe Shalem in-
tends to begin construction of a
four-star 250-room hotel within
three or four months. The con-
struction, which is to take about
two years, is being backed by
Geranium Investors, a Canadi-
an company.
It is far from the only tourism
project slated for the area in the
near future. One of the biggest
attractions in the area, Mr.
Dhamhan says, is Qumran, site
of the community that produced
the Dead Sea Scrolls. There are
presently about 350,000 visitors
a year to the site, 95 percent
tourists from abroad. The Na-
tional Parks Authority, respon-
sible for the site, is to augment
the present reconstruction work
and to produce an audio-visual
presentation.
There are also massive devel-
opment plans for the land sur-
rounding Atrakzia, the water
park just north of Qumran on the
Dead Sea that is run by Kibbutz
Kalya. Mr. Dhamhan, who says
the water park gets 200,000 vis-
itors a year, describes it as one of
two water parks in Israel which
show a profit. However, despite
the fact that it, too, is to be ex-
panded, the water park will be
dwarfed by a project which in-
volves the building of 3,000 hotel
rooms on 12 different plots.
The allocation of the land for
hotels has been registered since
1978, says Mr. Dhamhan, but
now there are concrete plans to
begin construction.
Among the investors involved
are Africa-Israel, financier Mot-
ti Zisser, and Bank Tefahot. Mr.
Dhamhan says he hopes con-
struction will begin within a year.
More modest vacation villages
are planned for Almog and
Kalya, near the northern end of
the Dead Sea. Vered Yeriho has
plans to develop separate men's
and women's beaches for obser-
vant bathers, together with a
300-room hotel.
With an eye to Christian pil-
grims, the council has asked for
permission to open Kasr al-
Yahud, the baptism site on the
Jordan River.
Closed in 1967 for security rea-
sons, the site is opened a few
times a year for the Greek Or-
thodox and Roman Catholic
churches, which each have their
own shrines there. While not en-
croaching on the church-owned
areas, the regional council would
like to set up facilities for visitors
nearby.
However, far bigger plans are
in store for Hamei Shalem, on the
coast, where there are plans for
a 500-room club hotel as well as
a spa which is to utilize a hot
spring in the area. The spring,
Mr. Dhamhan says, is 118 F and
produces mineral waters of high
quality.
Even more ambitious are the
plans of Ted Arison, the Carni-
val Cruise magnate, to build a
2,000-room hotel at Kidron, just
north of Ein Fash'ha.
Work on the first section, with
250 rooms, is to begin within six
months, while the remainder is
to be carried out in keeping with
the demand.
All told, Mr. Dhamhan says,
there are plans to build some
8,000 hotel rooms in the north-
ern Dead Sea area. That is a
massive increase if one considers
that the total number of hotel
rooms in all of Israel was 40,000
last year, and especially for an
area which until now has had
virtually no hotel rooms of an in-
ternational standard.
It is also a lot of hotel rooms
to fill, even without the political
uncertainty. But Mr. Dhamhan
says this will not be a problem
and the rooms, only a half-hour
drive from Jerusalem, could even
serve to back up the capital's lim-
ited number of hotel rooms. At
present, he says, few tourists
stop overnight in the northern
Dead Sea area because there are
hardly any rooms, but Israel ex-
pects 2.5 million tourists next
year and about 1 million of them
will be passing along the Dead
Sea. ❑
LEADING ISRAELI STOCKS
TRADED 0 N U.S. EXCHANGES
Symbol
Name
Exchange
Oct. 13
SCIXF
Scitex
ECI Telecom
Teva Pharm
NASDAQ
$18.25
Oct. 20
$18.00
NASDAQ
NASDAQ
$21.13
$20.75
$39.50
$23.38
$20.75
$2.75
$11.13
$21.63
$21.63
$37.38
$22.50
$20.75
$2.75
$11.13
$21.00
'20.50
$26.94
$11.25
$26.50
$11.25
ECILF
TEVIY
IEC
ELBTF
ELT
ELRNF
TAD
CMVT
LANTF
ISL
PEC Israel
Elbit Computers
Elscint LTD
Elron Electronics
Tadiran
Comverse
Lannet Data
First Israel Fund
NYSE
NASDAQ
NYSE
NASDAQ
NYSE
NASDAQ
NASDAQ
NYSE
Change
-$0.25
-$0.38
-$2.13
-$0.88
$0.00
$0.00
+$0.01
-$0.63
-$1.13
-s0.44
'0.00
Sottr-re: Allen (Wender, Pritdeittial Securities,
West. Moo 1!•fie