Eitan Wertheimer, US partner found Negev investment co
Eitan Wertheimer, US partner found Negev investment co
Globes - February 16, 2005
by Gadi Golan

In the initial stage, US partner David Merage’s $35 million fund will finance most of the investment.

Israeli businessman Eitan Wertheimer and Denver businessman David Merage have founded an investment company for financing economic projects in the Negev, including Beersheva. In the initial stage, Merage’s $35 million family-owned fund will finance most of the company’s investment.

The company, Daroma Eidan HaNegev, is classified as a philanthropic company, to be financed from donations, Mirage and Wertheimer, and a multi-year allocation from Ohio Savings Bank president and UJC board of trustees chair Robert (Bobby) Goldberg, who has also donated money to the company. Haim Blumenblat will be CEO.

The company recently began cooperating with Prime Minister’s Office director general Ilan Cohen. The parties agreed that the company would prepare a strategic plan for Negev development, which would include the private sector. The company has also begun cooperating with the office of Vice-Premier Shimon Peres.

The company’s management has offered to hire the services of US consultant firm McKinsey and Co. to prepare a Negev development plan.