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Economy11:18 · 44m ago

Israel Invests 27 Million Shekels to Boost Hotel Development in Judea and Samaria

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Translated & summarized from Now 14 by baba
The story · English

The Israeli government has approved a new plan to invest 27 million shekels aimed at significantly increasing the number of hotels in the Judea and Samaria region. The initiative seeks to transform the area from a primarily day-trip destination into one where visitors stay overnight, thereby boosting local tourism and economic activity.

The Ministry of Tourism identified a longstanding issue in the region: despite its rich heritage sites and scenic landscapes, the number of hotels and accommodation options remains low due to limited available land and planning barriers. To address this, the ministry will remove planning obstacles, prepare land reserves for hotel construction, and provide financial grants to entrepreneurs.

Of the total investment, 7 million shekels will be allocated to advancing building plans and creating new planning inventories, while 20 million shekels will be offered as grants for hotel construction, conversion, and expansion projects. These grants can cover up to 28% of approved project costs, making investments more attractive to developers.

Tourism Minister Haim Katz emphasized that this comprehensive approach combines planning, infrastructure development, land allocation, and economic incentives to unlock the tourism potential of Judea and Samaria. He noted that in the past decade, only about 115 million shekels were invested in tourism infrastructure there, compared to over 2 billion shekels in other parts of Israel.

The plan aims not only to increase hotel capacity but also to encourage visitors to extend their stays from a few hours to overnight or weekend trips, which is expected to stimulate local restaurants, attractions, businesses, and heritage sites. This hotel investment program complements an earlier government decision this year to allocate 50 million shekels for public tourism infrastructure development in the region, as part of a broader effort to enhance both domestic and inbound tourism.

Read the original at Now 14
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