Ashkelon Chip Park: 5 Billion Shekel Investment

In depth

The investment group Awz, led by Yaron Ashkenazi, and the Nadav B. Logistics group signed an agreement to establish a national deep-tech park in Ashkelon. As part of the move, advanced chip plants, a research institute and a startup incubator will be built. The total planned investment in the project is about 5 billion shekels.

Nadav B. Logistics will invest about 1.5 billion shekels in the project and will lead the purchase of the land and the construction of the buildings. The partners plan to begin construction within about two years.

The buildings will be erected on land purchased without a tender in Ashkelon, at a cost of about 400 million shekels. The Awz fund will lead the establishment of the chip plants in cooperation with global partners.