Through the Eden company (the Jerusalem Center Development Company), the Jerusalem Municipality will soon begin a project upgrading the roofs of Shuk Mahane Yehuda. The project will cost around 15 million NIS, and is expected to be completed in December 2017. This is a joint project between the Municipality, the Ministry of Tourism, and the Jerusalem Development Authority (JDA), in coordination with the Shuk's merchants.
Shuk Mahane Yehuda is currently blossoming both culturally and economically for the first time in years, thanks to cooperation between merchants, local business owners, and the Jerusalem Municipality—made possible by the Eden Company. The Shuk has become a focal point for many visitors from outside Jerusalem, and a tremendous success story that symbolizes the awakening of Jerusalem's city center. The Shuk houses a mix of Jerusalem businesses, restaurateurs, and a unique night life. All these have attracted visitors and revelers from all over Israel, who have brought economic and business prosperity. This is also evidenced in the tremendous demand for opening businesses in the Shuk.
Shuk Mahane Yehuda has great business potential, in light of its strategic placement between major transportation axes and its attractiveness as a mercantile epicenter. At present, it has around 30,000 sq. m. of commercial space, which contains a wide range of businesses including traditional ones (food, services, clothing, and shoes), new businesses such as various boutique shops, gourmet restaurants, and others.
The Municipality is committed to further investment in improving the infrastructure, developing commerce, and promoting culture in the Shuk, which represents one of Israel's strongest commercial and tourist centers.
Jerusalem Mayor, Nir Barkat, emphasized that "in the last few years, the Jerusalem Municipality has invested, via the Jerusalem Development Authority and the Eden Company, millions of shekels to restore and improve the physical infrastructure of the city center. We expect to invest tens of millions of shekels more. The upgrading of the Mahane Yehuda Shuk area represents another successful example of our extensive activity to reinstate the city center as a thriving public space which is full of commercial and cultural activity."
Member of the city administration and Community Council portfolio-holder, Moshe Leon, noted that "to my great joy, the Ministry of Tourism, led by Minister Yariv Levin, approved my request for budgeting 12 million NIS out of the 15 million NIS that were designated for the project. The improvement of Shuk Mahane Yehuda, the beating heart of Jerusalem, is very high on the Municipality's priority list—as it should be. This investment, unprecedented by any standard, will bring about the prosperity of businesses in the entire area and will represent an even greater source of attraction for tourists and the tens of thousands of Jerusalemites who visit the location every day."
Deputy CEO of the Eden Company, Leor Bar David, explained that "after reaching a cooperative and agreed upon course of action with the merchants, and pooling the required resources, a tender was publicized which included the upgrading of the roof and the drainage system, the addition of lighting and innovative air-conditioning systems. The outline of the work, stages and timeline for implementation, were coordinated together with the Shuk's merchants, and they are full partners in the project."