EXHIBIT 21   Subsidiaries of the Registrant



     The following table sets forth information with respect to the subsidiaries of Ampal, their respective states of
     organization and the percentage of voting securities owned as of December 31, 1994:

                                                                                Percentage 
                                                                             Voting Securities
                     Name of               Relationship         State of          Owned by 
                     Company                 to Ampal         Organization    Immediate Parent
                     -------               ------------       ------------   -----------------
                                                                 

                Ampal Development           Subsidiary of      Israel                90%(1) 
                (Israel) Ltd.               Ampal (Israel)
                                            Ltd.

                Ampal Engineering           Subsidiary of      Israel                99.9%(2) 
                (1994) Ltd.                 Ampal Industries,
                                            Inc.

                Ampal Enterprises Ltd.      Subsidiary of      Israel                99.9%(3) 
                                            Ampal
                                            Development
                                            (Israel) Ltd.

                Ampal Financial             Subsidiary of      Israel                51%(4) 
                Services Ltd.               Ampal (Israel)
                                            Ltd.

                Ampal Holdings (1991),      Subsidiary of      Israel                99%(5)
                Ltd.                        Ampal Industries,
                                            Inc.

                Ampal Industries,           Subsidiary         Delaware             100% 
                Inc.

                Ampal Industries            Subsidiary of      Israel               100% 
                (Israel) Ltd.               Ampal Industries,
                                            Inc.
                Ampal (Israel) Ltd.         Subsidiary         Israel               100%

                Ampal Properties            Subsidiary         Israel                99%(6) 
                Ltd.                        Ampal Industries,
                                            (Israel) Ltd.

                Ampal Sciences, Inc.        Subsidiary of      Delaware             100%
                                            Ampal Industries,
                                            Inc.
                Country Club                Subsidiary of      Israel                51%
                Kfar Saba Ltd.              Ampal 
                                            Industries,
                                            Inc.
















                                                                                Percentage 
                                                                             Voting Securities
                     Name of               Relationship         State of          Owned by 
                     Company                 to Ampal         Organization    Immediate Parent
                     -------               ------------       ------------    ----------------
                                                                  
                Nir Ltd.                    Subsidiary of      Israel                99.96%
                                            Ampal 
                                            Development
                                            (Israel) Ltd.
                                            
                Paradise Mattresses         Subsidiary of      Israel                85.1%
                (1992) Ltd.                 Ampal 
                                            Properties
                                            Ltd. 
                                            
                Pri Ha'emek (Canned         Subsidiary of      Israel                51.25%(7)
                and Frozen Food) 88 Ltd.    Ampal 
                                            Industries,
                                            Inc. 





                         

                (1)     The remaining 10% of the voting securities is owned by
                        Ampal.

                (2)     The remaining .1% is owned by Ampal (Israel) Ltd.

                (3)     The remaining .1% is owned by Nir Ltd.

                (4)     The remaining 49% is owned by Ampal.

                (5)     The remaining 1% is owned by Ampal.

                (6)     The remaining 1% is owned by Ampal (Israel) Ltd.

                (7)     An additional 3.44% is owned by Ampal Industries
                        (Israel) Ltd.