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Intel to invest six billion dollars to bring 1,000 new jobs to factory in Kiryat Gat

Published: 04.30.14, 20:22 / Israel News

American technology giant Intel announced its intentions on Wednesday to invenst six billion dollars in upgrading its plant in Kiryat Gat where the company plans to add 1,000 employees to its workforce.

 

Representatives from intel informed Finance Minister Yair Lapid and Economic Minister Naftali Bennet of the plans and Israel in turn agreed to cover 5-10 percent of the costs of renovation, amounting to anywhere between 300 to 600 million dollars.

 

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