Sea Mall

Sea Mall (Hebrew: קניון מול הים, Kanion Mul HaYam) is a prominent shopping center in the heart of Eilat, Israel, situated directly across from the Red Sea beaches and the adjacent promenade. Because Eilat is a free-trade zone, products sold in the mall are exempt from VAT, a status that has contributed to its reputation as one of Israel's most profitable malls, as estimated in 2010. The mall houses approximately 100 stores offering electrical goods, fashion, accessories, jewelry, sports equipment, footwear, food, coffee, and more. It has four entrances: from the promenade, through the Café Café restaurant, the main gate facing the parking lot, and from the underground parking garage. The land on which the mall stands was allocated by the Israel Land Authority in the 1980s for commercial and attraction development and was sold in 1981 to Arie Dagan's Um Rashrash company. The plot remained undeveloped for years and was nicknamed "Dagan's Pit." In 1994, Ofek Nechasim, owned by Eli Yisraeli, acquired half of the land rights and full management rights. The cornerstone was laid on November 20, 1994, and the mall opened to the public on March 18, 1997, coinciding with Eilat Day commemorating the raising of the Ink Flag at Um Rashrash during the 1948 Arab-Israeli War. In 2006, Ofek Nechasim, under CEO Eli Yisraeli, purchased Arie Dagan's shares, and in 2008 sold 50% ownership to a joint partnership of Phoenix Insurance Company and Ilan Ben-Dov. In October 2021, Azrieli Group reported signing an agreement to acquire full ownership of the mall for 1.31 billion shekels. Today, Sea Mall operates as part of Azrieli Malls, benefiting from its strategic location in Israel's southernmost city and its unique tax-free shopping environment.

The land on which Sea Mall now stands was allocated by the Israel Land Authority in the 1980s for the construction of commerce and attractions. In 1981, the land was sold to Arie Dagan's Um Rashrash company. For years, the plot remained undeveloped in the heart of Eilat and was nicknamed "Dagan's Pit." In 1994, Ofek Nechasim, owned by Eli Yisraeli, purchased half of the rights to the land and all management rights. The cornerstone for the mall was laid on November 20, 1994. On March 18, 1997, the mall opened its gates to the public, coinciding with the celebration of Eilat Day, which commemorates the raising of the Ink Flag at Um Rashrash during the 1948 Arab-Israeli War. In 2006, Ofek Nechasim, under CEO Eli Yisraeli, acquired Arie Dagan's shares. In 2008, it sold 50% ownership to a joint partnership of Phoenix Insurance Company and Ilan Ben-Dov. In October 2021, Azrieli Group reported signing an agreement to acquire full ownership of the mall for 1.31 billion shekels. The mall has since operated as part of Azrieli Malls.

• Land sold to Arie Dagan's Um Rashrash company

• Cornerstone laid for the mall

• Mall opened to the public on Eilat Day

• Ofek Nechasim acquired Arie Dagan's shares

• 50% ownership sold to Phoenix Insurance and Ilan Ben-Dov

• Azrieli Group signed agreement to acquire full ownership for 1.31 billion shekels

A leading duty-free shopping destination in Eilat, Israel, offering a wide range of goods in a prime tourist location.

Product categories. Electrical goods · Fashion · Accessories · Jewelry · Sports equipment · Footwear · Food · Coffee

1. 1Sea Mall - Wikidatawikidata.org
2. 2קניון מול הים - Wikipedia (Hebrew)he.wikipedia.org