Government establishes a committee to evaluate national security implications of foreign investment
30 Oct 2019
The Security Cabinet of Israel established on 30 October 2019 an advisory committee that will assess national security implications of foreign investment in finance, communications, infrastructures, transportation and the energy sector. It is composed of senior representatives from the Finance Ministry, the Defense Ministry and the National Security Council and observers from the Foreign Ministry, the Economy and Industry Ministry, and the National Economic Council.
The committee will assist competent regulators in their regular licencing procedures by giving opinions on national security aspects. The relevant guidelines will be prepared shortly as the committee will start is operations on 1 January 2020.
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Type:
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Entry and establishment (Approval and admission)
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Industry:
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Services (Electricity, gas, steam and air conditioning supply, Construction, Transportation and storage, Telecommunications, Financial and insurance activities, Other service activities)
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Sources:
