Economy
Petah Tikva is the second-largest industrial sector in Israel after the northern city of Haifa. The industry is divided into three zones—Kiryat Aryeh (named after Aryeh Shenkar, founder and first president of the Manufacturers Association of Israel and a pioneer in the Israeli textile industry), Kiryat Matalon (named after Moshe Yitzhak Matalon), and Segula, and includes textiles, metalwork, carpentry, plastics, processed foods, tires and other rubber products, and soap.
Numerous high-tech companies and start-ups have moved into the industrial zones of Petah Tikva, which now house the Israeli headquarters for the Oracle Corporation, IBM, Intel, Alcatel-Lucent, ECI Telecom, and GlaxoSmithKline Pharmecuticals. The largest data center in Israel, operated by the company TripleC, is also located in Petah Tikva. Furthermore, the Israeli Teva company, the world's largest generic drug manufacturer is headquartered in Petah Tikva, whilst one of Israel's leading food processing corporations, Osem opened in Petah Tikva in 1976 and has since been joined by the company's administrative offices, distribution center and sauce factory.
Over time, the extensive citrus groves that once ringed Petah Tikva have disappeared as real-estate developers acquired the land for construction projects. Many new neighborhoods are going up in and around Petah Tikva. A quarry for building stone is located east of Petah Tikva.
As well as general hi-tech firms, Petah Tikva has developed a position as a base for many communications firms. As such, the headquarters of the Bezeq International international phone company is located in the Kiryat Matalon industrial zone as are those of the 012 Smile Internet Service Provider. The headquarters of Tadiran Telecom are in the Ramat Siv industrial zone. Arutz Sheva, the right wing Religious Zionist Israeli media network operates an internet radio studio in Petah Tikva, where Arutz Sheva internet TV is located as well as the printing press for its B'Sheva newspaper.
The Israeli secret service, Shin Bet, has an interrogation facility in Petah Tikva.
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Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
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—Doris Lessing (b. 1919)