The ancient port city requires major investment if it wants to attract Israeli and foreign tourists.
The controlling shareholders will be required to inject $2 for every $3 that the state grants.
Immigrant Authority head Tomer Moskowitz explains how to distinguish between tourists and migrants and is confident the US will grant Israelis a visa exemption.
In his first interview since becoming El Al's controlling shareholder, Rozenberg tells why he once stopped flying El Al and says he will 'mend' the airline through personal service.
Kenny Rozenberg: I mend broken companies