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Canadian-Israeli Group and Nadav Layla to Invest $375 Million in Ashkelon Chip Park
Canadian-Israeli investment group Awz and Nadav B. Logistics have agreed to invest approximately 1.5 billion shekels in a new deep-tech park in Ashkelon. The project includes land acquisition and the construction of advanced industrial facilities and chip manufacturing plants.
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What happened
- 01Awz Group and Nadav Layla will invest 1.5 billion shekels in a new deep-tech park in Ashkelon.
- 02The investment covers land acquisition and the construction of advanced industrial and chip manufacturing facilities.
- 03The park will focus on compound semiconductors for AI, quantum computing, and defense applications.
- 04Awz Group is a Canadian-Israeli firm with significant investments in Israeli national infrastructure.
- 05The project includes plans for a research institute and professional training center.
- 06Nadav Layla's company will manage construction, while Awz will establish the chip factories.
Awz, which has strategic investments in Israel following the October 7th events, is led by Yaron Ashkenazi and includes prominent former security officials. Nadav Layla's company will manage the construction, while Awz will establish the chip factories focusing on advanced technologies.
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