Intel To Open New Factory in Kiryat Gat With Unprecedented $25 Billion Investment
Global tech giant Intel will establish a new factory in Israel in the city of Kiryat Gat with a huge investment of about 25 billion dollars.
Finance Minister Bezalel Smotritz and Budget Commissioner Yogev Gardos informed Prime Minister Binyamin Netanyahu and Economy Minister Nir Barkat of the new factory today (Sunday).
The two were informed that the lengthy negotiations conducted between the Intel company and the professionals in the Budget Division of the Finance Ministry have been successfully concluded and agreements in principle have been reached regarding the company’s intention to invest approximately 25 billion dollars in the establishment of the new factory in Kiryat Gat.
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