The Jerusalem Har Hotzvim Hi-Tech Park, one of the city's key technology and innovation hubs, completed a NIS 44 million redevelopment project, the Jerusalem Development Authority (JDA) and the Jerusalem Municipality announced on Wednesday.
According to the JDA, the project included extensive infrastructure and public service improvements throughout the park, took over six years to complete, and added new technological infrastructure to support security systems.
"Our investment in the park goes far beyond roads, sidewalks and public spaces – it is an investment in thousands of employees, leading companies and the next generation of Jerusalem’s high-tech entrepreneurs," said Jerusalem Mayor Moshe Lion.
The project will host about 15,000 people on a site measuring approximately 450,000 square meters, with further plans to expand the park to about 800,000 square meters.
Projections indicate the site will host over 25,000 employees from Israeli and international companies, including Intel, Mobileye, Medtronic, Medinol, Elbit Systems, Ophir Optronics, Alpha Tau, and Rafael, which inaugurated its campus in the complex last year.
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The JDA also said the renovations focused on new roads and sidewalks, improved parking facilities, the installation of advanced lighting systems, and a comprehensive upgrade of public spaces.
This will also allow for the establishment of food trucks in some areas of the park, which are expected to begin operations in the coming months.
" As the park continues to expand and attract new companies, we are strengthening Jerusalem’s position as a city of innovation, high-quality employment and opportunity for young people," Lion said.
"Investing in the infrastructure of a technology hub of this scale is a direct investment in Jerusalem’s engines of growth – in the companies operating here, their employees and the city’s ability to continue attracting businesses, entrepreneurs and highly skilled talent," added Zachi Namir, CEO of JDA.
An additional improvement included new landscaped seating areas and wooden decks, improved landscaping around the central plaza, and the installation of underground waste systems that replaced conventional waste containers.
"A stronger high-tech sector means more jobs, greater economic activity, and new opportunities for Jerusalem’s residents. Our goal is to see Har Hotzvim continue to grow and remain a major anchor of Jerusalem’s economy for years to come,” Namir said.