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Article: ISRAEL - Middle East Project Finance (Part 13A)
- Article from:
- APS Review Downstream Trends
- Article date:
- October 31, 1994
CopyrightCOPYRIGHT 1994 Input Solutions. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Israel is one of the most advanced economies in the Middle East. With a well -diversified base, it has managed to achieve a gross domestic product of about $80 billion. Its population of over 5 million has a per capita GDP close to $13,000. A growth rate of 5.5- 6 percent is projected for 1994. This should be sustained in the coming years as prospects for the economy improve amid positive developments related to the Middle East peace process.
Unlike other Middle Eastern states, Israel has few problems in raising project finance. Apart from domestic sources of capital, including a well -developed stock market and a private sector rich in funds, Israel receives $1.2 ...