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ISRAEL LURES MORE FOREIGN INVESTMENT

Foreign investment in Israel has risen dramatically in the last five years, according to a survey by KPMG Peat Marwick, an international consulting firm, and Kesselman & Kesselman, Israeli accountants.United States businesses account for 61 percent of foreign investments in Israel, with a total of $770 million in 1989, up from $427 million in 1986. Britain had the second-largest share with 13 percent, followed by Germany (10 percent), and Canada (9 percent). From 1948 to 1980, 75 percent of foreign investment in Israel came from corporate and private investors other than multinational corporations. The multinational share has doubled since 1980.