The story
Gav-Yam was founded in June 1928 by the Economic Society for the Land of Israel, a company founded by Judge Louis Brandeis's party. The Economic Society established Gav-Yam to develop 5,000 dunams (12,355 acres) purchased in Haifa Bay from the Haifa Bay Training Company.
In 1939, Gav-Yam began building a residential neighborhood in Kiryat Yam (initially called Gav-Yam), which later became a city. In partnership with another company, Gav-Yam established a residential neighborhood that includes a commercial center in Kiryat Eliezer in Haifa. Gav-Yam was also responsible for projects in the Carmel.
The Company participated in the Jewish land purchase in Palestine. The land in Haifa Bay was bought with the Jewish National Fund. In this project, Gav-Yam planned the gulf area's construction, paved roads and established industrial infrastructure.
The company encouraged establishing factories on its lands in Haifa Bay and provided financial assistance to various factories to build and develop an industrial area. Among the assisted companies were Vulcan Automotive, Phoenicia, Telma and the Company for Cables and Wires.
With the founding of Israel in 1948, Gav-Yam was involved in developing industrial areas in various places in the country, leased land from the Israel Lands Administration and the Ministry of Commerce and Industry, and continued to build industrial and commercial buildings for rent.
Between 1954 and 1968, Gav-Yam participated in the construction and management of the Kishon Port and provided the port with many land reserves that the company owned.
In 2021, Gav-Yam's ToHa Tower in Tel Aviv won award for best skyscraper in the Middle East.
From Wikipedia’s article on Gav-Yam, shared under CC BY-SA 4.0.4