The Regional Planning and Building Committee approved Nitsba’s plans to
build a 90,000 sq.m 65-storey. office tower on the company’s plot on Petach
Tikva Road, corner of Mozes Street in Tel Aviv. Investment will total $100
million. The tower will compete with Ocif-Aviv’s City Gate tower in Ramat Gan
for the title of the country’s tallest building. Nitsba is owned by Egged
members and retirees (80%), and Ashtrom-Granite Hacarmel (20%).
Published by Israel's Business Arena on January 23, 2000