Rassco

Rassco

Rassco (Hebrew: רסקו) is a neighborhood in central Jerusalem, Israel, built by the Rassco housing company. Rassco is located between Rehavia and Katamon.

Rassco company

Rassco (Rural and Suburban Settlement Company) was established in 1934 at the initiative of the Jewish Agency. [http://www.rassco.co.il/index.asp?lang=en] Chaim Weizmann, later Israel's first president, was the first chairman of the board. The company's initial goals were the establishment of agricultural settlements and industrial enterprises to assist in the absorption of German Jewish immigrants. In the 1950s, Rassco was listed on the Tel Aviv Stock Exchange. In the 1960s, it built large-scale housing projects in Iran. [http://www.rassco.co.il/index.asp?lang=en] The company has built residential neighborhoods all over Israel, including the Rassco neighborhood in Jerusalem that bears its name.

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