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Pei , Donald Trump , and Richard Meier. The tallest building approved is the Egged Tower, which would become Israel's tallest building upon completion. In , the Tel Aviv Municipality's Planning and Construction Committee launched a new master plan for the city for It decided not to allow the construction of any additional skyscrapers in the city center, while at the same time greatly increasing the construction of skyscrapers in the east. It did not extend to towers already under construction or approved. One final proposed skyscraper project was approved, while dozens of others had to be scrapped.
Any new buildings there will usually not be allowed to rise above six and a half stories. However, hotel towers along almost the entire beachfront will be allowed to rise up to 25 stories. According to the plan, large numbers of skyscrapers and high-rise buildings at least 18 stories tall would be built in the entire area between Ibn Gabirol Street and the eastern city limits, as part of the master plan's goal of doubling the city's office space to cement Tel Aviv as the business capital of Israel.
Under the plan, "forests" of corporate skyscrapers will line both sides of the Ayalon Highway. Further south, skyscrapers rising up to 40 stories will be built along the old Ottoman railway between Neve Tzedek and Florentine , with the first such tower there being the Neve Tzedek Tower.
Along nearby Shlavim Street, passing between Jaffa and south Tel Aviv, office buildings up to 25 stories will line both sides of the street, which will be widened to accommodate traffic from the city's southern entrance to the center. In November , it was announced that to encourage investment in the city's architecture, residential towers throughout Tel Aviv would be extended in height.
Buildings in Jaffa and the southern and eastern districts may have two and a half stories added, while those on Ibn Gabirol Street might be extended by seven and a half stories. Tel Aviv has been ranked as the twenty-fifth most important financial center in the world. Instead, it developed as a hub of business and scientific research.
A small port was built at the Yarkon estuary, and many cafes, clubs and cinemas opened. Herzl Street became a commercial thoroughfare at this time. Economic activities account for 17 percent of the GDP.
The city has been described as a "flourishing technological center" by Newsweek and a "miniature Los Angeles" by The Economist. Since then, high-tech industry in the Tel Aviv area has continued to develop.
For example, the Tel Aviv Stock Exchange was higher on the last day of both the Lebanon war and the Operation in Gaza than on the first day of fighting [] Many international venture-capital firms, scientific research institutes and high-tech companies are headquartered in the city. Industries in Tel Aviv include chemical processing, textile plants and food manufacturers. Tel Aviv was ranked as a alpha- world city. The Kiryat Atidim high tech zone opened in and the city has become a major world high tech hub.
In December , the city was ranked second on a list of top places to found a high tech startup company , just behind Silicon Valley. According to Forbes , nine of its fifteen Israeli-born billionaires live in Israel; four live in Tel Aviv and its suburbs. According to Mercer , a human resources consulting firm based in New York, as of [update] Tel Aviv is the most expensive city in the Middle East and the 19th most expensive in the world. Tel Aviv is a major center of culture and entertainment.
Habima Theatre , Israel's national theatre, was closed down for renovations in early , and reopened in November after major remodeling. Enav Cultural Center is one of the newer additions to the cultural scene. In Jaffa, the Simta and Notzar theatres specialize in fringe as well. Tel Aviv is home to the Batsheva Dance Company , a world-famous contemporary dance troupe. The Israeli Ballet is also based in Tel Aviv.
The city has several multiplex cinemas. Tel Aviv receives about 2. Tel Aviv is known as "the city that never sleeps" and a "party capital" due to its thriving nightlife , young atmosphere and famous hour culture. It is home to many museums, architectural and cultural sites, with city tours available in different languages. The beaches of Tel Aviv and the city's promenade play a major role in the city's cultural and touristic scene, often ranked as some of the best beaches in the world. Tel Aviv is an international hub of highly active and diverse nightlife with bars, dance bars and nightclubs staying open well past midnight.
The largest area for nightclubs is the Tel Aviv port, where the city's large, commercial clubs and bars draw big crowds of young clubbers from both Tel Aviv and neighboring cities.
The South of Tel Aviv is known for the popular Haoman 17 club, as well as for being the city's main hub of alternative clubbing, with underground venues including established clubs like the Block Club, Comfort 13 and Paradise Garage, as well as various warehouse and loft party venues. In , Absolut Vodka introduced a specially designed bottle dedicated to Tel Aviv as part of its international cities series.
Tel Aviv has become an international center of fashion and design. The city hosts its well-known pride parade , the biggest in Asia, attracting over , people yearly. Tel Aviv is famous for its wide variety of world-class restaurants, offering traditional Israeli dishes as well as international fare. Israel has the highest number of museums per capita of any country, with three of the largest located in Tel Aviv. Housed on the campus of Tel Aviv University is Beth Hatefutsoth , a museum of the international Jewish diaspora that tells the story of Jewish prosperity and persecution throughout the centuries of exile.
Right next to Charles Clore Park is a museum of the Etzel. Many offbeat museums and galleries operate in the southern areas, including the Tel Aviv Raw Art contemporary art gallery.
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Tel Aviv is the only city with three clubs in Israeli Premier League , the country's top football league. Yael Arad , an athlete in Maccabi's judo club, won a silver medal in the Olympic Games. Bnei Yehuda once Israeli champion, twice State Cup winners and twice Toto Cup winner is the only Israeli football team in the top division that represents a neighborhood, the Hatikva Quarter in Tel Aviv, and not a city.
Shimshon Tel Aviv and Beitar Tel Aviv both formerly played in the top division, but dropped into the lower leagues, and merged in , the new club now playing in Liga Artzit , the third tier. Two rowing clubs operate in Tel Aviv. In , the Tel Aviv Marathon was revived after a fifteen-year hiatus, and is run annually since, attracting a field of over 18, runners. The three largest newspaper companies in Israel— Yedioth Ahronoth , Maariv and Haaretz —are all based within the city limits. The three major Israeli television networks, Israel Broadcasting Authority , Keshet , Reshet , and Channel 10 , are based in the city, as well as two of the most popular radio stations in Israel: Galatz and Galgalatz , which are both based in Jaffa.
Studios of the international news channel i24news is located at Jaffa Port Customs House. Tel Aviv is ranked as the greenest city in Israel. In the early 21st century, Tel Aviv's municipality transformed a derelict power station into a public park, now named "Gan HaHashmal" "Electricity Park" , paving the way for eco-friendly and environmentally conscious designs. At the end of the 20th century, the city began restoring historical neighborhoods such as Neve Tzedek and many buildings from the s and s.
Since , the city hosts its well-known, annual Open House Tel Aviv weekend, which offers the general public free entrance to the city's famous landmarks, private houses and public buildings. In , the Sarona Market Complex opened, following an 8-year renovation project of Sarona colony. Tel Aviv is a major transportation hub, served by a comprehensive public transport network, with many major routes of the national transportation network running through the city. As with the rest of Israel, bus transport is the most common form of public transport and is very widely used.
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The city is also served by local and inter-city share taxis. Many local and inter-city bus routes also have sherut taxis that follow the same route and display the same route number in their window. Fares are standardised within the region and are comparable to or less expensive than bus fares.
Unlike other forms of public transport, these taxis also operate on Fridays and Saturdays the Jewish sabbath "Shabbat". Private taxis are white with a yellow sign on top. Fares are standardised and metered, but may be negotiated ahead of time with the driver. The Tel Aviv Central railway station is the main railway station of the city, and the busiest station in Israel. Jaffa Railway Station was the first railway station in the Middle East.
It served as the terminus for the Jaffa—Jerusalem railway. The station opened in and closed in In —, the station was restored and converted into an entertainment and leisure venue marketed as "HaTachana", Hebrew for "the station" see homepage here: [].