NIS 2b invested in Israeli region bordering Gaza

Sderot Ind. Zone
Sderot Ind. Zone

NIS 1.64 billion compensation has been paid, and NIS 400 million invested in infrastructure, the Defense Ministry reports.

Residents in Israel's southern areas have been paid NIS 1.64 billion since Operation Protective Edge in the summer of 2014, and more than NIS 400 million has been invested in rebuilding infrastructure damaged during the fighting, and in the construction of new infrastructure, the Ministry of Defense National Emergency Management Authority (NEMA) reported today.

Representatives of the Prime Minister's Office; the Ministries of Construction and Housing, Finance, and Agriculture; the Israel Tax Authority; and other agencies attended a conference in Ibim near the Gaza Strip. Figures reported today by Ministry of Defense deputy director general and NEMA acting head Bezalel Traiber show that NIS 1.51 billion, most of the compensation paid to southern residents, was for indirect damage. NIS 133 million was paid for direct damage, among other things by rockets and mortar fire from the Gaza Strip.

28,000 claims were filed by residents and business owners following Operation Protective Edge, of which 96% to date have been paid. 4,600 property tax claims were filed, and the Ministry of Defense said that 99.7% of these had been handled and paid. Following Operation Protective Edge, the government put NEMA in charge of the national plan for rebuilding and strengthening dozens of communities located near the Gaza Strip.

Figures reported by NEMA indicate that NIS 184 million has been invested in rebuilding roads, sidewalks, lighting, communications, water and sewage, public buildings, and public spaces. NIS 76 million was invested in rebuilding 450 kilometers of agricultural roads in 25 agricultural communities near the Gaza Strip. Another NIS 56 million was invested in upgrading access roads to the communities and lighting installation. The Ministry of Defense said that this work would continue until the end of the year.

At the same time, the Home Front Command has initiated a venture for enhancing building reinforcement and security in the communities near the Gaza Strip at an estimated cost in the hundreds of millions of shekels. Traiber said, "The effect of the national plan to rebuild and strengthen communities near the Gaza Strip is already visible in the greater sense of security and resilience of the residents, and in the momentum imparted to these communities' growth and expansion."

Published by Globes [online], Israel business news - www.globes-online.com - on October 28, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

Sderot Ind. Zone
Sderot Ind. Zone
Intel Haifa  credit: Shutterstock Intel layoffs in Israel will benefit rivals

Industry experts agree that Intel staff dismissed in Israel will have no trouble finding work at rivals like Nvidia, as happened during last year's layoffs.

Ministry of Finance Jerusalem credit: Shutterstock Treasury sees Trump's tariffs cutting Israel's GDP growth

Amid the uncertainty that still surrounds the level of tariffs that would ultimately be imposed on Israeli goods, the annual damage to growth is estimated by the Finance Ministry at less than 0.5% of GDP.

French President Emmanuel Macron at the Paris Air Show in 2023 credit: Reuters Israel to scale down Paris Air Show presence

Due to President Emmanuel Macron's antagonism, Israel is reducing its presence at the exhibition, Ministry of Defense International Defense Cooperation Directorate (SIBAT) head Yair Kulas tells "Globes."

Jerusalem court cmplex credit: Zarhy Architects Tenders issued for two huge Jerusalem construction projects

The PFI tenders for the Gan Hotzvim tech campus and the courts complex include grants of NIS 1.7 billion for the winning bidders.

Israel Innovation Authority CEO Dror Bin Innovation Authority chief: Israel top for deep tech investment

Dror Bin told the Globes TECH IL conference that deep tech is the next wave for global tech and the rate of investment in Israel is the world's highest.

Gil Shwed and Nadav Zafrir credit: Menash Cohen With new CEO Check Point beats analysts in Q1

Revenue rose 6.5% and GAAP net profit rose 5% in Nadav Zafrir's first full quarter at the helm.

Nadav Zafrir credit: Niv Kantor Check Point CEO: We'll reinvent cybersecurity for the AI age

In his first interview since succeeding Gil Shwed, Nadav Zafrir was speaking at the Globes TECH IL Conference.

Tel Aviv light rail credit: Yossi Cohen Rishon Lezion to finance Red Line light rail extension

The Rishon Lezion Municipality will pay for part of the extension by marketing land above the planned underground depot.

Intel Haifa development center credit: Shutterstock Intel to cut 20% of workforce - report

"Bloomberg" reports that new CEO Lip-Bu Tan will announce the layoffs this week.

Healthee team credit: Healthee PR AI healthcare costs management co Healthee raises $50m

Healthee’s benefits and care navigation platform empowers employees and employers to make the most of their health benefits.

Former Shufersal CEO Itzik Abercohen credit: Eyal Izhar Competition Authority summons former Shufersal CEO to hearing

According to the indictment, Shufersal and Itzik Abercohen allegedly made public statements through which he attempted to reach arrangements to raise prices.

Reco founders Ofer Klein, Gal Nakash, and Tal Shapira credit: Elegant Photographics Israeli SaaS security co Reco raises $25m

The Tel Aviv-based company has developed a comprehensive application discovery engine capable of identifying and classifying over 50,000 applications, and providing visibility into an organization’s SaaS ecosystem.

Tel Aviv Stock Exchange credit: Tali Bogdanovsky TASE outperforms global markets in 2025

Boosted by the strong results of Israel's banks, the Tel Aviv Stock Exchange has demonstrated impressive resilience to domestic and foreign upheavals.

Metro credit: Bar Lavi Can Hyundai fill Metro vacuum created by China's exclusion?

The South Korean giant is reportedly eager to enter Israel's infrastructure sector but may not have the resources to dig the Metro tunnels.

Hero 120SF loitering munition  credit: Uvision Israeli firms to arm Germany with suicide drones

UVision's partnership with Rheinmetall and IAI's partnership with MBDA will help equip the German Army with an arsenal of loitering munitions.

Cipia Vision Credit: Company website Cipia Vision lays off 50% of workforce

The financially troubled Israeli auto-tech company raised NIS 68 million on the TASE in 2021 at a company valuation of NIS 354 million.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018