Who wants to open a hotel in the Gaza Envelope? The state will cover a third of the cost
The Tkuma Administration and Ministry of Tourism call on developers to build or expand hotels in the Tkuma region, offering up to 33% state funding and a total budget of about NIS 100 million.
As part of this initiative, the Tkuma Administration and the Ministry of Tourism have issued a call for proposals to developers, focusing mainly on “Track B” - intended for projects that have not yet received a building permit. In this track, priority will be given to communities in the region, and the state’s participation rate is expected to rise from 20% to 33%.
To enable this incentive, the Tkuma Administration has earmarked NIS 39 million from the five-year plan budget, and together with funds from the Ministry of Tourism, the total allocation could reach around NIS 100 million. The administration has pledged to maintain these conditions in the coming years and to encourage developers to seize the opportunity.
The procedure itself includes three application tracks: Track A – Investments: For projects with building permits.Track B – Building Permits: With priority for the Gaza Envelope region.Track C – Finishing Works: For projects already under construction.The administration is also working to apply the increased subsidy rate to Track A starting next year.
By WALLA/REALESTATE