New Israel Bourse Tower Will Be Nation’s Tallest

RAPAPORT… The Israel Diamond Exchange (IDE) plans to expand its
premises into three new towers, one of which will be the tallest building in
the country and among the 10 highest in the world.

The bourse will build the 120-story tower within the IDE
complex in Ramat Gan, along with two skyscrapers reaching 77 and 88 stories.
The new buildings will increase the bourse’s current space from 100,000 to
800,000 square meters.

“Over 10,000 business owners
and employees pass through the diamond-exchange buildings daily, and this is
expected to increase with the new polishing plants that we are planning to
build within the bourse,” IDE president Yoram Dvash said Monday. “Our members need the strict security arrangements of
the diamond exchange, the best of their kind in the world, and prefer to handle
all their business in one large business complex where all services are
available.”

The IDE will allocate a portion of the new area to bourse
members, with the remaining space leased to other businesses, it noted.

The new complex will connect with the Tel Aviv central railway
station, as well as the new light rail line that is under construction, the bourse
added.

Image: How the new Israel Diamond Exchange complex is expected to look. (Israel Diamond Exchange)