Yokanem Real Estate Event Draws 90 Developers, Investors

Yokanem, Israel, hosted a real estate development conference called "Yokanem NEXT - The Future is Built in Yokanem" this week, attracting approximately 90 developers, investors, and industry leaders. The event showcased the city's future development and construction plans, including residential and employment expansion, alongside planned investments totaling around 2 billion shekels.

The city presented key projects such as a new southern neighborhood slated for 3,300 housing units, commercial spaces, employment zones, and hospitality facilities. Urban renewal initiatives, expansion of the city's high-tech park, and new business and leisure complexes were also highlighted.

Mayor Roman Peres emphasized Yokanem's significant growth phase, aiming to transform it into a progressive, innovative, and high-quality city. He cited a resident-backed vision, high demand from a young population, and a strong community spirit as key investment draws. Peres also stressed the municipality's commitment to partnering with developers, viewing their success as crucial for the city's overall prosperity. He noted that a "roof agreement" is facilitating the 2 billion shekel investment in both new and existing neighborhoods for urban renewal.

City officials detailed the support framework for developers. City Engineer, Architect Mike Seka, presented the new master plan and housing availability, promising building permits within six months and improvements to transportation, including connecting the high-tech park to a future transport hub. Urban Renewal Administration Director, Adv. Yael Odesky, assured close support for developers, aiming to remove obstacles and assist with regulatory bodies like the Israel Land Authority and the Israel Antiquities Authority.