Trump upbeat on Israel's economy

US real estate tycoon calls Israel "one of my favorite places in the world."

By SHARON WROBEL
December 10, 2006 02:35
1 minute read.
donald trump 88 298

donald trump 88 298. (photo credit: Courtesy Photo)

 
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US real estate tycoon Donald Trump, who plans to erect the tallest building in Israel in Ramat Gan, has praised the country's strong economic potential. "Israel is one of my favorite places in the world, it is a great country," the billionaire said in a videophone interview at Saturday night's opening session of the annual Globes Israel Business Conference in Tel Aviv. "I am a good businessman and I have tremendous confidence in the strength and potential of the Israeli economy, although I know the country has had to go through a lot in recent months." Trump has teamed up with Crescent Heights Investments to replace the historic Elite candy factory in Ramat Gan with the 70-story luxury Trump Plaza Tower.

  • 'Israel could be one of the world's most prosperous economies' Trump is also planning to erect a luxury hotel bearing his name on a seaside cliff in Netanya. "In real estate, everything is a matter of timing," said Donald Trump Jr., the Trump organization's vice president, who also took part in the videophone interview together with his sister Ivanka. "Binyamin Netanyahu's reforms and economic policies set a precedent for the economy, which gave the real estate market a big boost." Ivanka Trump, vice president of the Trump organization, said the Trumps saw great potential in the Israeli real estate market. "We think Israel is a good investment. We see a lot of potential in the real estate market and are planning to increase our investments here," she said. Ivanka Trump and Trump Jr. said they would be coming to Israel in about two months to see their projects. "I will be coming to Israel shortly afterward. I love Israel and I will be coming to Israel a lot," said Donald Trump.

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