History
A large tract of land on the Haifa Bay was purchased from the Sursock family of Beirut by the American Zion Commonwealth in 1925. In 1928, the Bayside Land Corporation, a joint venture of the Palestine Economic Corporation and the Jewish National Fund, acquired 2,400 dunams of residential land in a deal related to the building of the IPC oil pipeline. Development of a residential area began in 1939, and the first houses were completed in 1940.
Read more about this topic: Kiryat Yam
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