China Looks to Israel for Investment, Acquisitions
(Daily Alert, Feb. 28, 2014)
Prime Minister Benjamin Netanyahu and Minister of Transportation Yisrael Katz are promoting a deal whereby China Communication Construction Company (CCCC) will be entrusted with the construction of the Eilat railroad line – a massive project estimated at $6.5 billion.
“Chinese investments in Israel are something new; only three years ago, there was no such thing,” says Director of the Foreign Trade Administration at the Ministry of Economy Ohad Cohen. “It is the product of years of work aimed at awareness raising….We are going to see an ever-growing flow of investors coming here.” (Al-Monitor)