The largest investment in the country's history: The technology company will invest no less than $6 billion in a factory in Kiryat Gat - and in return will receiveAccording to the agreement between the state and the company, there will be a construction grant of approximately 750 million shekels - approximately 51% of the investment.
Government officials explained today that the reason for the success of the deal stems, unlike previous times, from full synchronization between the Ministry of Finance and the Ministry of Economy, from the ministerial level down to the clerical level.
Maxine Fassberg, CEO of Intel Israel and Vice President of Intel Worldwide, said about the decision to submit an investment plan to upgrade the Intel Kiryat Gat plant: "Over the past 40 years, Intel's exports have totaled $35 billion, most of which came from Intel's manufacturing plants in Kiryat Gat and Jerusalem. In 2013, the Intel Kiryat Gat plant won Intel's prestigious quality award, the Intel quality award (IQA), for exceptional performance. Intel is committed to continuing the series of quality achievements as a result of its activities in Kiryat Gat.".
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Finance Minister Yair Lapid said: "We will continue to work to promote investments in the developed industries in the State of Israel. This is an expression of confidence in the Israeli economy. These investments will create thousands more jobs in the first cycle and tens of thousands of jobs in the second cycle, for the Israeli middle class.".
Economy Minister Naftali Bennett: "This is the best gift we could have asked for for the 66th Independence Day.".
