NATHANYA (Jul. 19)
This little town, named after Nathan Strauss, the late American philanthropist, doubled its population this year from ten to twenty thousand and the growing community is seething with development activities that embrace housing construction, industry and many other fields, it was reported today by Mayor Oved Ben Ami.
The Mayor stressed the perfect integration of the ten thousand new immigrants who settled in Nathanya within a year and indicated that plans for the absorption of 100,000 new residents in the next five years are in the making. At the same time he pointed out that a large-scale scheme for industrial and professional development in Nathanya is being worked out.
Mayor Ben Ami said that 60 new factories were erected in the latter part of last year in the town’s new industrial center. That development, he stated, was built at a cost of 3,000,000 pounds. Another industrial area, which will be one of the largest in the country, is being prepared, he declared.
In view of Nathanya’s ideal position in the center of the Sharon plain and the Emek Hefer Valley, surrounded by hundreds of settlements and with an unequalled outlet to the Mediterranean, the town has attracted an average of four hundred investors annually. About $7,000,000 have been invested in building alone, while construction plans for the coming year entail investments of approximately $14,000,000.