The Israel-based holding company, Africa Israel, announced it will construct a multifunctional complex in downtown Zaporizhya. The complex will include two 22-storey residential towers and a two-level underground shopping-center. The total area of the complex will be 150 th m2 and it will be built on a land plot of 0.7 ha. The company will invest USD 220 mln in this project. Groundbreaking is scheduled for 2008 and commissioning for 2011.