Building in Jerusalem

International media continues to focus on private building projects on the Eastern side of the city. In parallel, there are two areas that the journalists fail to report on.

First, commercial building in Jerusalem has accelerated in recent months, despite the recession. For example, figures for June 09 show a 54% increase on last year regarding new flats bought from public sector projects.

Similarly, Jerusalem’s tourism boom has clearly influenced Rixos, an international luxury hotel chain. It has agreed invest around US$50 million in building a 200 room complex. This ties in with the ambitious plans of the new mayor of Jerusalem, Nir Barkat, to ramp up significantly the local tourism market during his tenure.  

Second, it is now an established fact that hundreds of Moslems are buying properties in West Jerusalem. Nothing wrong in that. What I cannot fathom is why international governments sanction Israeli Jews from living in Moslem suburbs.

A comment from the journalists?

Explore posts in the same categories: Israel, Jerusalem

Tags: , , ,

You can comment below, or link to this permanent URL from your own site.

One Comment on “Building in Jerusalem”

  1. Michael Horesh Says:

    Rixos is not alone. See the investment of Waldorf-Astoria.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: