FBC represented The People’s Republic of China in the State of Israel in signing an agreement for the purchase of land in Ramat Hachayal, Tel Aviv, on which a 7-storey building has been built on an area totaling approximately 16,000m, in addition to a 3-storey basement on a 16,000m area of land.
This land will be used to relocate the Embassy of the PRC in the State of Israel, currently located at 222 Ben Yehuda Street, Tel Aviv.
The Government of the People’s Republic of China, as the purchasers, were considered ‘foreign entity’ in accordance with Clause 2a of Israel Lands Law 5720-1960. The sale agreement, which was subject to the approval of the Israel Land Authority, received approval from the Israel Ministry of Foreign Affairs, the Ministry of Defence, the Israel Ministry of Finance and the Prime Minister of the State of Israel.
This agreement between the Government of the PRC in the State of Israel gave shape to a number of international aspects, namely, that in addition to the commercial aspect of this agreement, international diplomacy between two states is expressed in the involvement of multiple authorities, such as the Prime Minister of the State of Israel, the Israel Ministry of Foreign Affairs and the Ministry of Defence.