JTA NEWS
17 June 2019 - 15 Sivan 5779 - ט"ו סיון ה' אלפים תשע"ט
JTA NEWS :
IDE to build tallest office tower in Ramat Gan E-mail

The Israel Diamond Exchange (IDE) announced on 8 April that it plans to build a 120-storey tower within the Diamond Exchange complex in Ramat Gan Municipality. The tower will be the tallest in Israel and one of the ten tallest buildings in the world.

The building will expand the size of the Diamond Exchange complex to 800,000 sqm, from the 100,000 sqm it currently occupies. Bourse members will allocate some of the new area for use, and the rest will be leased to other business entities.

The project is being promoted by the Ramat Gan Municipality and will include two additional skyscrapers of 88 stories and 77 stories, expanding the number of towers on land owned by IDE to six.

According to Ramat Gan Mayor Carmel Shama-Hacohen, “The new compound will include the flagship tower of the State of Israel and will be the entrance gate to Ramat Gan.”

IDE President Yoram Dvash said: “We have a vision to expand and upgrade the complex to a bustling business centre and a bustling city centre for Ramat Gan, which is no less big and ambitious than the vision of the diamantaires in the 1960s. I was pleased to discover that the mayor is a partner to this vision.”

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