Tel Aviv, July 11 -- Led by Israel's Ministry of Construction and Housing Haim Katz, two significant umbrella agreements were signed between the Ministry of Construction and Housing and two local authorities in the north of the country - Safed and Nahariya - following which tens of thousands of new housing units will be built and a large-scale change will be made in the development of urban space in cities.

The agreements with Safed and Nahariya were finally signed after Construction and Housing Minister Haim Katz led unclogged a "bureaucratic bottleneck" through a new outline for signing roof agreements.

The state's total investment in the two authorities is over 4 billion Shekels ($1.2 billion), and will include the development and up...