At a scope of 32 million shekels: Rafael expands in Haifa Science Park

Rafael signed an agreement to lease two additional floors in Haifa Science Park for approximately 32 million shekels over five years. The company will hold five floors totaling about 10,000 square meters. The expansion is expected to bring hundreds of new jobs to the city.

Rafael Advanced Defense Systems has signed an agreement to lease two additional floors in the Haifa Science and High-Tech Park, at a scope of approximately 32 million shekels for five years. The spaces, totaling about 4,000 square meters, are located in Building B, owned by the Mivne Group and the Haifa Economic Corporation. Upon completion of the expansion, Rafael will hold five floors with a total area of about 10,000 square meters. This deal joins a previous agreement worth 45 million shekels signed about a year ago, bringing the two engagements to a total of approximately 77 million shekels. The average monthly payment reflects about 133 shekels per square meter. The science park spans about 80,000 square meters and includes three existing buildings and two planned ones. Mivne Group CEO Uzi Levi stated that the company continues to promote additional projects. Haifa Economic Corporation Chairman Rani Bender stated that the expansion is expected to bring hundreds of new jobs to the city.