The government approved on Sunday the construction of two new technology and innovation quarters in Jerusalem, with one of them being the first-ever to be built in east Jerusalem.
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The joint decision, was presented to the government, was made by Housing and Construction Jerusalem Affairs Minister Ze'ev Elkin and Innovation, Science and Technology Minister Orit Farkash-Hacohen.
The other tech hub, according to their plan, will be located in the western part of the city.
The purpose of the initiative is to strengthen the high-tech and biotech industries in the capital, which presently employ just 7% of the city's residents, create a united and quality urban space between the city's east and west, and integrate various populations in these fields, such as the ultra-Orthodox and Arabs.
Jerusalem is currently home to some 400 high-tech companies, venture capital funds, and more.
"The establishment of the innovation quarters will create a space that will provide more quality employment opportunities for the various populations in the city, and strengthen Jerusalem's economy," said Elkin.
Farkash-Hacohen said: "Our vision is to expand high-tech to as many areas as possible in the country."
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