(Image: Ra'anana City Hall, Credit: Wikipedia)
It looks like another American company has decided to put an R&D center within Israel.
(Globes Online) Sources inform "Globes" that General Motors Corporation (NYSE:GM) is in advanced negotiations to establish an R&D center in Israel with an initial investment of tens of millions of dollars. The center is expected to employ dozens of engineers and researchers in various fields related to GM's activities worldwide, including the development of alternative driving systems, vehicle electronics and communications systems, robotics, advanced materials, imaging systems, and safety.
The R&D center will probably be set up in Ra'anana and will have branches in outlying areas and development towns.
That is great news to hear in Israel, as that will ultimately translate into more jobs. The deal has yet to go through as General Motors is still negotiating the center's exact location.
Ra'anana will probably make an excellent spot for GM, although I wonder if they chose the spot due the fact that English and French are very popular there?
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