Rassco (Rural and Suburban Settlement Company) is an Israeli construction and development company. It was established in

Mandate Palestine Mandatory Palestine ( ar, فلسطين الانتدابية '; he, פָּלֶשְׂתִּינָה (א״י) ', where "E.Y." indicates ''’Eretz Yiśrā’ēl'', the Land of Israel) was a geopolitical entity established between 1920 and 1948 i ...

1934 at the initiative of the

Jewish Agency The Jewish Agency for Israel ( he, הסוכנות היהודית לארץ ישראל, translit=HaSochnut HaYehudit L'Eretz Yisra'el) formerly known as The Jewish Agency for Palestine, is the largest Jewish non-profit organization in the world. ...

History

The company's initial goals were the establishment of agricultural settlements and industrial enterprises to assist in the absorption of German Jewish immigrants. Rassco was intended to be the central instrument for middle-class settlement and housing in Palestine.Housing in Israel: Economic and Sociological Aspects - Haim Darin-Drabkin
/ref> The founders were Yeshayahu Foerder, Georg Landauer, Ludwig Pinner,

Arthur Ruppin Arthur Ruppin (1 March 1876 – 1 January 1943) was a German Zionist proponent of pseudoscientific race theory and one of the founders of the city of Tel Aviv.Todd Samuel Presner, ’German Jewish Studies in the Digital Age:Remarks on Discipline ...

and David Senator.''Encyclopedia of Zionism and Israel'', edited by Raphael Patai, Herzl Press/McGraw Hill, New York, 1971, vol. 2, p. 936

Chaim Weizmann Chaim Azriel Weizmann ( he, חיים עזריאל ויצמן ', russian: Хаим Евзорович Вейцман, ''Khaim Evzorovich Veytsman''; 27 November 1874 – 9 November 1952) was a Russian-born biochemist, Zionist leader and Israel ...

, later Israel's first

president President most commonly refers to: *President (corporate title) *President (education), a leader of a college or university *President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ful ...

, was the first chairman of the board. The company built residential neighborhoods all over Israel, including the Rassco neighborhood in Jerusalem that bears its name. In the 1950s, Rassco was listed on the

Tel Aviv Stock Exchange The Tel Aviv Stock Exchange (TASE; ; colloquially known as The Bursa, ) is Israel's only public stock exchange and a public company that has been traded on the Tel-Aviv Stock Exchange since August 1, 2019. Legally, the exchange is regulated by ...

. In the 1960s, Rassco built large-scale housing projects in

Iran Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmeni ...

. In 1970, the Jewish Agency owned over 99 percent of the company shares and elected the entire board of directors. Other enterprises run by Rassco include a metal factory, a prefabricated building company, a hotel and a health resort.

References

{{Reflist Jewish businesses established in Mandatory Palestine Jewish Agency for Israel Construction and civil engineering companies of Israel 1934 establishments in Mandatory Palestine Construction and civil engineering companies established in 1934

History

See also

References