Business
should be ready for the first compa-
nies to move in by May, according to
Kunio Kikuchi, the International
Finance Corporation's principle
investment officer for the region. A
team from the corporation visited
the park to see how construction is
progressing.
Israel Chemicals
Desalination Deal
Jerusalem (JPFS) — Israel
Desalination Engineering said it has
won a contract to supply six desali-
nation plants for $60 million to two
Indian refineries.
The company, which is a sub-
sidiary of Israel Chemicals, won two
international tenders. IDE will sup-
ply the plants to new refineries
which are currently being built in
the Jamnagar state in northwestern
India.
In a statement, IDE said the first
installation, which weighs 1,300
tons, will be sent to India in a ship
that was leased especially for this
assignment.
Four of the plants would be
installed in the world's largest refin-
ery, Reliance, which is currently
being built by the American compa-
ny Bechtel Group in a total invest-
ment of $2.5 billion. The two other
plants will be sent to a different
refinery operated by the Swiss-
Swedish engineering company ABB.
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El Al, Air France
In Link-Up Talks
Jerusalem (JPFS) — El Al is to begin
negotiations with Air France for a
code-sharing agreement for flights
between Tel Aviv and Paris, El Al
spokesman Nachman Klieman said.
The result of such negotiations
would be a new schedule with alter-
nating flights by the two companies.
However, the flights of both com-
panies would be listed as both El Al
and Air France flights and would
include passengers of both airlines.
The two airlines are to assign
committees to work together for
commercial cooperation as well as
code-sharing, Klieman said.
However, he added that the per-
ceived agreement fell short of a
strategic alliance.
He said that the benefit to the
passengers would be that they would
be able to fly to destinations not
served by El Al, such as South
America and Japan with better con-
nection times. For the company, he
said, the advantage lay in being able
to offer customers a wider range of
services.
U.S. Rejects
Airlines Agreement
Jerusalem (JPFS) — The U.S.
Department of Transport has reject-
ed El Al's application to enter a
code-sharing agreement with
American Airlines, El Al announced.
The company described the
American governmental decision as
"arbitrary," especially in view of the
fact that it had approved a similar
agreement between American
Airlines and Saudia, the Saudi
Arabian national airlines. El Al also
said that a code-sharing agreement
was primarily a matter to be decided
between the airlines.
Group To Aid
PA economy
Jerusalem (JPFS) — Members of
the Israel-Britain Business Council
pledged to work to aid the
Palestinian economy through a
series of measures approved in Tel
Aviv.
Top business people from the two
countries met with Prime Minister
Binyamin Netanyahu to inform him
of their desire to aid the peace
process and to attract British
investors to Israel. The organization
was set up by former prime ministers
John Major and Yitzhak Rabin and
jointly chaired by Marks and
Spencer Chairman Sir Richard
Greenberry and Manufacturers
Association President Dan Propper.
The Israeli government already
has approved 1998 funding for the
IBBC, and a statement from the
organization says it expects a similar
move on the part of the British.
Privatization
Must Fund Budget
Jerusalem (JPFS) — Education
Minister Zevulun Hammer demand-
ed some of this year's receipts from
privatization be used to prevent cuts
to funding for health care, child
allowances and the education bud-
get.