Petah Tikva to nearly double in size

Petah Tikva Gadi-Sharbatov Shutterstock
Petah Tikva Gadi-Sharbatov Shutterstock

The Central District Planning and Building Committee has approved a general outline plan, which will increase the city's population from 266,000 to 460,000.

The Central District Planning and Building Committee has approved a long-term general outline plan for Petah Tikva, which proposes adding 63,500 housing units, and which will nearly double the city's population to 460,000. Petah Tikva currently has a population of 266,000.

Northeast of Tel Aviv, Petah Tikva was founded in 1878 as the first Jewish agricultural village in the country. In 1937, Petah Tikva was granted municipal status and over the past 20 years it has experienced a huge building boom. In the explanation of the plan, the committee described Petah Tikva as the main city in the eastern metropolitan region of Tel Aviv, serving other communities in the area.

The plan includes new construction on 26,200 dunams (6,550 acres) of the city's 36,000 dunams (9,000 acres). The oldest neighborhoods like Amishav, Hadar Ganim, Beilinson, Kiryat David Eliezer and Kiryat Alon will retain their character with a predominance of houses and gardens. Much of the construction will be in Sirkin, a large new neighborhood on the huge army base set to be vacated. The Yoseftal neighborhood is scheduled to be demolished and completely rebuilt. There will be a new road from Sirkin exiting towards Jerusalem.

The plan also includes strengthening business activities in the city by encouraging urban renewal in industrial and office zones by increasing building rights. The plan proposes adding 3,800,000 square meters of office and commercial space to the existing 11,300,000 square meters.

The plan seeks to improve the city's transport infrastructure by upgrading existing roads, with the light rail link to the city from Tel Aviv set to be opened next year and Metro stations also planned. Petah Tikva already has two railway stations at Kiryat Arie and Segula and more bus and cycle lanes are planned.

The outline plan has been drawn up by Farhi Zafrir Architects.

Published by Globes, Israel business news - en.globes.co.il - on December 22, 2021.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2021.

Petah Tikva Gadi-Sharbatov Shutterstock
Petah Tikva Gadi-Sharbatov Shutterstock
Unframe founders credit: Yossi Yarom Israeli AI enterprise platform co Unframe raises $50m

Unframe’s turnkey AI solutions enable companies to solve any enterprise AI use case at scale with fully functional, customized AI solutions for businesses in a matter of hours, rather than months.

Combatica credit: Combatica Combatica launches next-gen VR AI training platform

The Israeli company's virtual reality platform includes 50 AI generated scenarios, seven maps and even situations for operating night vision.

Shekel credit: Shutterstock Vladirina 32 Shekel volatility after US tariffs announcement

The shekel is weakening sharply against the euro, which is gaining following the unveiling of Donald Trump's tariffs plan.

Minister of Finance Bezalel Smotrich credit: Noam Moskovitz Knesset Spokesperson Treasury assesses potential damage to Israel's US exports

Israel will be charged a higher tariff on its exports to the US - its biggest export customer - than Turkey and the UAE.

Iranian flag credit: Shutterstock Why inflation haunts Iran

With a month-on-month increase of 3.3% and an annual rate of 37.1%, inflation reflects the struggles of millions of Iranians.

APM merges with lawyers from Doron, Tikotzky Kantor, Gutman credit: Eyal Merilos APM merges with 12 lawyers from Doron, Tikotzky Kantor, Gutman

With the addition of these 12 lawyers, Amit Pollak Matalon & Co. will now have 135 lawyers.

US President Donald Trump credit: Reuters Sipa USA Israel on list as Trump unveils tariffs

Relatively low reciprocal tariffs will be imposed on Israeli goods sold in the US.

Deflated unicorn credit: Shutterstock Big Tech 50 reports more huge falls in startup valuations

Israeli R&D partnership Big Tech 50 reports that an investment of $2 million in Orcam made in 2021, shrank to just $31,000 at the end of 2024.

NextFerm technologies based on yeast credit: NextFerm Food-tech co NextFerm suspends operations

The company, which produces food ingredients in yeast without genetic engineering, cannot pay its debts and is seeking a buyer.

Minister of Finance Bezalel Smotrich credit: Shlomi Yosef OECD sees recovery in growth but high inflation

The OECD Israel Economic Survey 2025 recommends that the Israeli government take several restraining measures, in order to exit the economic storm created by the war.

Dano Ben-Hur credit: Dror Sithakol Statisticians contradict BoI on impact of housing finance deals

The Central Bureau of Statistics insists the impact of 20/80 buy now pay later financing deals on the real estate market and housing prices is minimal.

Governor of the Bank of Israel Amir Yaron  credit: Government Press Office Debt fears top Bank of Israel's concerns

Most unusually, Governor of the Bank of Israel Amir Yaron's press conference last week did not focus on inflation and the impending interest rate decision.

US President Donald Trump  credit: Reuters/Leah Millis Israel moves to avoid Trump's tariffs axe

Minister of Finance Bezalel Smotrich has signed an order canceling all tariffs on imports from the US. The impact will mostly be on agricultural produce.

Forbes Rich List credit: Shutterstock Maslowski Marcin Wiz founders ranked in Forbes 2025 Rich List

There are a few dozen Israelis listed in the 2025 Forbes Real-Time Billionaires List including Wiz founders Assaf Rappaport, Yinon Costica, Roy Reznik and Ami Luttwak.

SatixFy CEO Nir Barkan credit: Ariel Barkan Canada's MDA Space to buy Israeli satcom co SatixFy

MDA Space will pay $269 million for the Israeli company, including taking on a $76 million debt and a 75% premium on SatixFy's closing price on Nasdaq yesterday.

Raising dollars credit: Shutterstock Israeli startups raised over $1b in March

Israeli privately-held tech companies have raised $2.1 billion in the first three months of 2025, according to IVC-LeumiTech, up 24% from the corresponding quarter of 2024.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018