Industrialist Stef Wertheimer today said that he will build Israel's first joint Jewish-Arab industrial park in Nazareth. He made the announcement at the opening session of the Galilee Conference in Kfar Blum.
Wertheimer will build the industrial park together with Nazareth Mayor Ramez Jaraisy. Investment in the 14-dunam (3.5-acre) industrial park, which will have 18,394 square meters of built-up space, will total $20 million. The industrial park is targeting entrepreneurs from Nazareth and the Galilee.
This will be Wertheimer's sixth industrial park in Israel. He has four parks in the Galilee - Lavon, Tel Hai, and Tefen, the headquarters of Iscar Ltd. - and one in the Negev at Omer.
Wertheimer added that in addition to the technology school opened at Lavon, together with the IDF, he will open a technology school at the Israel Navy Base in Haifa for discharged soldiers to obtain skills for jobs in the Galilee.
At the conference, Wertheimer met with Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) chairman and CEO Eyal Waldman, who announced that the company would open a new branch at the Tel Hai industrial zone instead of in another country.
Published by Globes [online], Israel business news - www.globes-online.com - on October 13, 2009
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