BREAKING NEWS

Cabinet to announce plan to strengthen J'lem economy

By JPOST.COM STAFF

MAY 29, 2011 10:42

On Sunday, as part of the festivities to mark Jerusalem Day, the Cabinet is expected to pass the Merom plan, a two-pronged strategy to bolster Jerusalem's economy.

The Merom Plan outlines a NIS 145.5 million investment in Jerusalem's tourism industry as well as NIS 71.4 million investment to strengthen Jerusalem's research, development and bio-tech industry. An additional NIS 70.5 million will be earmarked for other ventures to boost Jerusalem's economy, bringing the plan's grand total to nearly NIS 290 million.

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