The Finance and Tourism Ministries have agreed on a NIS 270 million (USD 61.7) aid package for entrepreneurs planning to build new hotels in the 2006-2007 fiscal year.
A number of criteria have been set for an application to be considered: the number of rooms, height of room top, and the requested subsidy should not exceed 10 percent of the total investment in B areas and 24 percent in A areas.
