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Teshuva Family Invests ₪150 Million in Hamat Gader Spa
Gal Naor, daughter of Yitzhak Teshuva, has purchased a 70% controlling interest in the Hamat Gader spa for 150 million shekels. The Israeli government had previously provided licenses for the site's mineral waters and land incentives to promote border settlement.
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What happened
- 01Gal Naor acquired 70% of Hamat Gader for 150 million shekels.
- 02The Teshuva family is behind the investment in the Golan Heights resort.
- 03The Israeli government granted Hamat Gader water and land use benefits.
- 04Hamat Gader has suffered from economic instability.
- 05The deal raises questions about privatizing natural resources.
Hamat Gader, known for its natural hot springs, has experienced financial instability over the years. The deal prompts debate over the privatization of natural resources.
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