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Economy08:10 · Sep 22

Jerusalem's Har Hotzvim Tech Park Completes Major NIS 44 Million Upgrade

By וואלה נדלןOngoing story · 2 updates
Translated & summarized from Walla by baba
The story · English

Jerusalem's Har Hotzvim high-tech park has concluded a comprehensive six-year, NIS 44 million upgrade project, aimed at enhancing its infrastructure and public spaces. The initiative, led by the Jerusalem Development Authority and the Jerusalem Municipality, sought to modernize the capital's first high-tech park, which is a significant employment and technology hub.

The park currently houses approximately 15,000 employees across 450,000 square meters, with leading companies like Intel, Mobileye, Rafael, and Elbit Systems operating within its grounds. Future expansion plans aim to increase the park's footprint to 800,000 square meters, accommodating around 25,000 workers, with the recent inauguration of a new Rafael campus marking a step in this direction.

Upgrades included repaving roads and sidewalks, reorganizing parking, installing advanced lighting, and improving public areas with green seating, decks, and updated landscaping. Waste management was enhanced with underground bins, and technological infrastructure for security systems was strengthened. Additionally, dedicated spaces for three food trucks, expected to launch soon, were prepared.

Jerusalem Mayor Moshe Lion emphasized the park's economic importance, stating the investment supports employees, leading companies, and future tech entrepreneurs, reinforcing Jerusalem's status as a city of innovation and quality employment. Zachi Namir, CEO of the Jerusalem Development Authority, highlighted the upgrade as a direct investment in Jerusalem's growth engines, boosting employment and attracting talent.

Both leaders expressed commitment to continued development of advanced employment centers across the city, aiming to solidify Jerusalem's position as a leading economic capital in Israel and the region.

Read the original at Walla

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