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by Arutz Sheva May 29 2008   
May 29th, 2008

JERUSALEM BECOMING WORLD-CLASS BIO-TECHNOLOGY CENTER

By Hillel Fendel - Ron Tuttnauer, Chairman of the Manufacturers Association in the Jerusalem District, says that Jerusalem is quickly becoming a world-class center for bio-technology. Tuttnauer provided statistics and information on the status of industry in Jerusalem, at a ceremony in honor of Jerusalem Industry Day.

Tuttnauer predicted that the forecasted arrival of two leading bio-technological companies would increase the number of employees in this field to 4,000 within five years, making Jerusalem a world center.

Jerusalem is currently one of the most important bio-technological centers in Israel, Tuttnauer informed his listeners. More than 3,000 people are employed in some 100 bio-tech and life-science businesses in the capital.

Overall, Jerusalem businesses exported over six billion shekels worth of products in 2007, and this number is expected rise by 8% this year.

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