The Tel Aviv-Yafo Economic Development Authority
The Tel Aviv-Yafo Economic Development Authority Ltd. is a municipal corporation owned by the Tel Aviv-Yafo municipality.
The company was founded in May 2000, with the aim of realizing the raw business-economic potential of the municipality's tangible and intangible assets. This was done for the purpose of creating new and significant income sources which would aid performance of the traditional activities for the benefit of Tel Aviv residents and the City's active business community.
The Authority sorts and analyzes the various areas of activity and locates those projects having economic potential and the extent to which they can be applied, and, together with the relevant municipal bodies, decides upon their execution.
In addition, the Authority acts to develop business relationships with foreign authorities and entities that wish to develop projects in Tel Aviv in general, and in particular with business entities in the city.
The Authority's Ideals
The Authority is striving to be the economic arm of the Tel Aviv-Yafo municipality which will create new and significant sources of income that shall constitute a respectable portion of the Municipality's budget.
Ongoing profitability that will enable investment in developing municipal resources and assets and in initiating new projects, from which significant income can be created for the Tel Aviv-Yafo municipality.
Areas of Activity
The Authority handles properties whose improvement requires the progress of the municipal building scheme, eviction orders and business cooperation with various interest-holders in the properties, including a cooperation with private-sector developers. In addition, the Authority coordinates its activities with executive and planning entities, in areas in which their improvement requires cooperation with these entities.
The Authority executes projects that are complex from a planning and/or financing perspective. The Authority accompanies the project commencing from the planning stage, through obtaining external financing sources for execution of the project, holds tenders for choosing performing contractors and supervises their work until completion of the project.
The Authority handles the municipal advertising apparatus and the marketing of them. Within this framework the Authority digitally sorts all of the advertising apparatus, determines strategy to market them and holds tenders suited to each media type and to active players in the specific advertising market. In addition, the Authority develops new advertising innovations around the city, in public and private areas.
The activities of the Tel Aviv-Yafo municipality have, over the years, yielded it many tangible and intangible assets, the full economic potential of which have not been realized for various reasons.
The Economic Development Authority, both independently and via cooperations with the business sector, locates assets and/or such resources, and acts to realize the economic potential buried therein. Within this framework, the Authority invites the private sector to approach it with proposals for commercial cooperations which are based on municipal properties and resources.
Kiriat Atidim (Bldg. 2),
Tel Aviv 61580
Phone : +972-3-6497888
Fax : +972-3-6498444
Email : email@example.com