Economy
The common Israeli saying, "Haifa works, Jerusalem prays, and Tel Aviv plays" attests to Haifa's reputation as a city of workers and industry. The industrial region of Haifa is in the eastern part of the city, around the Kishon River. It is home to the Haifa oil refinery, one of the two oil refineries in Israel (the other refinery being located in Ashdod). The Haifa refinery processes 9 million tons (66 million barrels) of crude oil a year. Its nowadays unused twin 80-meter high cooling towers, built in the 1930s, were the tallest buildings built in the British Mandate period.
Matam (short for Merkaz Ta'asiyot Mada - Scientific Industries Center), the largest and oldest business park in Israel, is at the southern entrance to the city, hosting manufacturing and R&D facilities for a large number of Israeli and international hi-tech companies, such as Intel, IBM, Microsoft, Motorola, Google, Yahoo!, Elbit, CSR, Philips, and Amdocs. The campus of the University of Haifa is also home to IBM Haifa Labs.
The Port of Haifa is the leader in passenger traffic among Israeli ports, and is also a major cargo harbor, although deregulation has seen its dominance challenged by the port of Ashdod.
Haifa malls and shopping centers include Hutsot Hamifratz, Horev Center Mall, Panorama Center, Castra Center, Colony Center (Lev HaMoshava), Hanevi'im Tower Mall, Kanyon Haifa, Lev Hamifratz Mall and Grand Kanyon.
Read more about this topic: Haifa
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)