Investment Development & Construction Co. Ltd. (TASE:AZRM) agreed to acquire 11 acres land in Mevaseret Zion for ILS 30.5 million in an auction on June 7, 2016. Investment Development & Construction Co. Ltd. won an auction. Azorim-Investment, Development & Construction Co. Ltd (TASE:AZRM) cancelled the acquisition of 11 acres land in Mevaseret Zion on June 7, 2017.