The Israel Diamond Exchange board of directors has approved the building of a new tower, the fifth building in the exchange complex. The 28-story building will add approximately 28,000 square meters to the present 80,000 square meters.

The fifth building will be built across Jabotinsky Street from the existing buildings, and will be connected to the complex by an overhead pedestrian bridge.

The current diamond exchange complex contains approximately 1,000 offices, as well as bank branches, a post office, customs office, and other facilities.