About NIS 400 million for land: Nadav Blila and Oz promote a chip park in Ashkelon

Nadav B. Logistics Group and the Oz Group (which includes former Chief of Staff Aviv Kochavi as a partner) have signed an agreement to purchase land in Ashkelon through an exemption from tender, for the establishment of an advanced industries park including chip factories. The total investment is expected to reach about NIS 5 billion.

Nadav B. Logistics Group, controlled by Nadav Blila, and the investment group Oz (Awz), which includes former Chief of Staff Aviv Kochavi as a partner, have signed an agreement to purchase land and build industrial facilities in Ashkelon. The land, covering about 67 dunams, will be purchased from the Israel Land Authority through an exemption from tender, with an option to expand to about 113 dunams. The planned investment in land acquisition and building construction is about NIS 1.5 billion, with an additional NIS 3.5 billion for technology and equipment, bringing the total investment to approximately NIS 5 billion. The park is intended for advanced industries, including chip factories in the fields of communication and photonics, and will also include an academic research institute and a startup incubator. Nadav Blila noted that the choice of Ashkelon stems from business considerations and a Zionist vision to strengthen the south, while Yaron Ashkenazi of Oz said the vision was born following the events of October 7 as a strategic response to establish security and technological independence.