Economy
Ramat Gan's economy is dominated by the Diamond Exchange District in the northwest of the city, home to a large concentration of skyscrapers, including Moshe Aviv Tower (City Gate), Israel's tallest at over 240 metres (790 ft), the Israel Diamond Exchange (a world leader in diamonds), a large Sheraton hotel, and many high-tech businesses, among them Check Point Software Technologies and ArticlesBase. In the wake of a crackdown on prostitution and gambling in 2006, quality of life has improved in the area.
Also located in the Diamond Exchange District is the State Bank of India's Israeli headquarters and the headquarters of Bank Mizrachi, whilst the embassies of Ghana, Kenya, Côte d'Ivoire, Jordan, Norway, Belgium, the Netherlands, and the European Economic Community, are located in the area. A number of other international embassies are also located in the city, as is the British Council. Also headquartered in the city is the Histadrut trade union. Located to the south of Ramat Gan is Hiriya, the largest waste transfer site in the Middle East.
Ramat Gan is also an important center for industry and manufacturing with major fruit and vegetable canning plants, textile mills, metal production plants, electrical manufacturers, furniture makers, and food producers based here. Currently, the Elite Tower, set to exceed the Moshe Aviv Tower in height, is currently being built of the historic Elite Candy factory. As a tribute to the history of the site, the lower floors of the tower will house a chocolate museum. The tower is set to contain luxury apartments, with an average price tag of $1 million each. At the end of 2006, Ramat Gan had three hotels, with a total of 408 rooms with 150,000 person-nights over the year representing 64% room occupancy.
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Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)