Adumim Development Deal Signed: ₪120M, 2,780 Homes
Adumim development deal signed: NIS 120M for 2,780 homes, including infrastructure, sports complex, parks, and educational institutions.
As part of the agreement, extensive infrastructure development work will be carried out, including paving access roads, connecting to main infrastructures, developing water and sewage systems, and preparing for the absorption of a new population.
As part of the overall move to develop the settlement, approximately 500 housing units have already been marketed in the first phase, and development will proceed according to marketing phases and approved plans.
The agreement includes extensive development of public and leisure areas, including the establishment of a new sports and leisure complex, parks, and open public spaces, with a budget of approximately NIS 29 million. In addition, future preparation for the establishment of educational and public institutions is included, with an investment of approximately NIS 18 million for earthworks and infrastructural development in preparation for the construction of kindergartens and schools.
The development agreement is intended to enable orderly and multi-year planning and execution, with cooperation between government ministries and the local authority, and to create planning and execution certainty that will support the settlement’s growth and improve the quality of life of its residents over time.
Minister of Construction and Housing, Yoav Gallant:
“The agreement being launched today reflects the policy I am leading to strengthen settlement in Judea and Samaria, by expanding housing supply and developing quality infrastructure. This is a move that allows growth while maintaining quality of life and community space, for the continued development of the settlement in the coming years.”
Yisrael Gantz, Head of the Binyamin Regional Council and Chairman of the Yesha Council:
“This agreement is the realization of the settlement vision we are leading in Binyamin and further proof that the state sees Binyamin and its demographic growth as a strategic objective. The new plan will allow us to build thousands of housing units, while dramatically upgrading the quality of life for residents. Every shekel is invested in precise planning for the benefit of the community. We are already working on additional agreements, and this is just the first swallow that heralds the dramatic change on the ground.”
“We thank the Minister of Construction and Housing, Yoav Gallant, his ministry’s team, and the Jerusalem district of the Ministry of Housing, for the investment and partnership in building the future of Binyamin. We will continue to work tirelessly together with this excellent government to upgrade and develop all the settlements in the council.”
Director General of the Ministry of Construction and Housing, Yehuda Morgenstern:
“The development agreement in Adam creates a comprehensive planning and execution infrastructure for the expansion of the settlement, combining residential development with significant investment in infrastructure and public space. The marketing already carried out in the first phase reflects actual progress, and the agreement will enable continued phased, coordinated, and long-term development, in cooperation with the local authority.”
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