Economy
Ramat Gan's economy is dominated by the Diamond Exchange District in the northwest of the city, home to a large concentration of skyscrapers, including Moshe Aviv Tower (City Gate), Israel's tallest at over 240 metres (790 ft), the Israel Diamond Exchange (a world leader in diamonds), a large Sheraton hotel, and many high-tech businesses, among them Check Point Software Technologies and ArticlesBase. In the wake of a crackdown on prostitution and gambling in 2006, quality of life has improved in the area.
Also located in the Diamond Exchange District is the State Bank of India's Israeli headquarters and the headquarters of Bank Mizrachi, whilst the embassies of Ghana, Kenya, Côte d'Ivoire, Jordan, Norway, Belgium, the Netherlands, and the European Economic Community, are located in the area. A number of other international embassies are also located in the city, as is the British Council. Also headquartered in the city is the Histadrut trade union. Located to the south of Ramat Gan is Hiriya, the largest waste transfer site in the Middle East.
Ramat Gan is also an important center for industry and manufacturing with major fruit and vegetable canning plants, textile mills, metal production plants, electrical manufacturers, furniture makers, and food producers based here. Currently, the Elite Tower, set to exceed the Moshe Aviv Tower in height, is currently being built of the historic Elite Candy factory. As a tribute to the history of the site, the lower floors of the tower will house a chocolate museum. The tower is set to contain luxury apartments, with an average price tag of $1 million each. At the end of 2006, Ramat Gan had three hotels, with a total of 408 rooms with 150,000 person-nights over the year representing 64% room occupancy.
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Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
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—Friedrich Nietzsche (1844–1900)