Ashtrom Properties Ltd. (TASE:ASPR) and the Haifa Economic Corporation are planning a new high-tech park at the Haifa Bay compound. The high-tech park will be in the same format as Matam.
The new high-tech park is initially planned to cover between 20,000 square meters and 40,000 square meters. Haifa Mayor Yona Yahav brokered the deal between Ashtrom and Haifa Economic Corporation. The new high-tech park aims at creating jobs in the Haifa and Krayot area and for northern residents in general. Market sources estimate the investment in land at $70 million and the cost of construction at $60 million.
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