Netanyahu Announces Economic Revitalization Program for Yerushalayim


The government held a festive cabinet meeting on Thursday in honor of Yom Yerushalayim on Sunday.

Prime Minister Binyamin Netanyahu welcomed his newly expanded 66-member governing coalition to its first meeting since Defense Minister Avigdor Liberman (Yisrael Beytenu), Aliyah Minister Sofa Landver (Yisrael Beytenu), and Minister Without Portfolio Tzachi Hanegbi (Likud) were sworn in.

Netanyahu then announced a spending plan to revitalize economy of the capital.

Dubbed the “Jubilee Plan” – marking 50 years in 2017 since the liberation of eastern Yerushalayim in 1967 – the program allocates more than 850 million shekels ($220 million) to development and infrastructure in the city.

“We are developing and building Yerushalayim,” Netanyau proclaimed. “Today we will advance an NIS 850 million supplement to the Jubilee Plan. This is almost NIS 1 billion that we are investing in the development of Yerushalayim, in technology and in companies.”

The prime minister also pledged to increase spending on tourist attractions and national parks in and around the city.