The approvals were required under Israel’s Land Law because Nvidia is a foreign-controlled company. The deal will allow the global technology giant to establish a new development campus on state land, allocated without a public tender and at a 51% discount.

The proposed 51% land discount is valued at tens of millions of shekels. Officials cited the significant economic impact on northern Israel, noting that thousands of employees would work directly at the campus and that hundreds of additional businesses are expected to benefit from providing services to the site.

According to the plan, Nvidia will build a unique, large-scale campus unlike any previously seen in Israel, modeled in part on the company’s headquarters in Santa Clara, California. The project is expected to span approximately 160,000 square meters and employ about 8,000 workers.

Israel set to finalize Nvidia land deal for major new campus in north

The Israel Land Authority says a deal granting Nvidia discounted land in Kiryat Tivon for a massive new development campus will be signed within days, after receiving required approvals due to the company’s foreign ownership

^{Hila Tsion (ynetglobal)}