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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Israel seeks to turn gas into wealth fund

Posted on 26 January 2012

Israel is putting together a plan for a national investment fund that would tap an anticipated natural gas bonanza to fuel both an export-geared economy and provide a nest egg of US$10 billion (S$12.7 billion) in under a decade for future generations.
The proposed Israeli sovereign wealth fund is still in the planning phase but officials have said some of the revenues would be invested in strategically-critical targets such as education and health………………………………………..Full Article: Source


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