New Israel Bourse Tower Will Be Nation's Tallest

RAPAPORT... The Israel Diamond Exchange (IDE) plans to expand itspremises into three new towers, one of which will be the tallest building inthe country and among the 10 highest in the world. The bourse will build the 120-story tower within the IDEcomplex 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 to800,000 square meters. "Over 10,000 business ownersand employees pass through the diamond-exchange buildings daily, and this isexpected to increase with the new polishing plants that we are planning tobuild within the bourse," IDE president Yoram Dvash said Monday. "Our members need the strict security arrangements ofthe diamond exchange, the best of their kind in the world, and prefer to handleall their business in one large business complex where all services areavailable." The IDE will allocate a portion of the new area to boursemembers, with the remaining space leased to other businesses, it noted. The new complex will connect with the Tel Aviv central railwaystation, as well as the new light rail line that is under construction, the bourseadded. Image: How the new Israel Diamond Exchange complex is expected to look. (Israel Diamond Exchange)