Israel Invests 5 Billion NIS to Build National Chip Park in Ashkelon
Awz Group and Nadav B. Logistics are investing 5 billion NIS to establish Israel's national deep-tech and chip park in Ashkelon, aiming to boost technological independence and regional employment.
Israel is set to establish its first national deep-tech and semiconductor park in Ashkelon following a landmark 5 billion NIS investment agreement. Canadian-Israeli investment firm Awz and Nadav B. Logistics have joined forces to construct advanced industrial facilities and manufacturing plants aimed at bolstering the nation's technological and security independence.
Massive Financial Backing and Real Estate Scale
Under the strategic partnership, Nadav B. Logistics is injecting approximately 1.5 billion NIS to acquire land and develop advanced industrial structures. In parallel, Awz will invest an additional 3.5 billion NIS into cutting-edge chip technologies and advanced equipment, bringing the total project cost to 5 billion NIS across real estate and technology. The venture kicks off with the joint acquisition of roughly 67 dunams from the Israel Land Authority, with provisions to expand the complex up to 113 dunams. Construction is slated to begin within two years.
Cutting-Edge Semiconductor and Deep-Tech Hub
The upcoming complex will host pioneering semiconductor fabrication plants specializing in compound chips for communications and photonics, bypassing traditional silicon limitations. These critical components will power artificial intelligence infrastructure, quantum computing, space systems, and defense applications. In addition to manufacturing, the park will feature an academic research institute for professional engineering training and an innovation incubator for deep-tech startups.
Strategic Vision for the South
Conceived in the wake of the October 7 events, the project serves as a strategic national response to supply chain vulnerabilities. Founders emphasized the dual goal of reinforcing Israel's industrial self-reliance while driving high-quality employment in the country's southern region.
"The vision to establish the national deep-tech park in Ashkelon was born as a national strategic response to cement Israel's security, technological, and economic independence."
