Tel Aviv-Yafo (Hebrew: תֵּל אָבִיב-יָפוֹ, [tel a'viv jafo], Arabic: تل أَبيب-يافا) is a major city in Israel, located on the country's Mediterranean coastline. It is known to be the financial center and the technology hub of Israel, with a population of 432,892 within city limits. Tel Aviv is the largest city in the Gush Dan region of Israel. Tel Aviv is also a focal point in the high-tech concentration known as the "Silicon Wadi".
Tel Aviv is governed by the Tel Aviv-Yafo Municipality, headed by Ron Huldai, and is home to many foreign embassies. Tel Aviv is a global city, and is the thirty eighth most important financial center in the world. Tel Aviv is known to have the third-largest economy of any city in the Middle East after Abu Dhabi and Kuwait City, and has the 31st highest cost of living in the world. The city receives over a million international visitors annually. Known as "The City that Never Sleeps" and a "party capital", it has a lively nightlife, dynamic atmosphere and a famous 24-hour culture.
The city was founded in 1909 by Jewish immigrants on the outskirts of the ancient port city of Jaffa (Hebrew: יָפוֹ Yafo). The modern city's first neighbourhoods had already been established in 1886, the first being Neve Tzedek. Immigration by mostly Jewish refugees meant that the growth of Tel Aviv soon outpaced Jaffa's, which had a majority Arab population at the time. Tel Aviv and Jaffa were merged into a single municipality in 1950, two years after the establishment of the State of Israel. Tel Aviv's White City, designated a UNESCO World Heritage Site in 2003, comprises the world's largest concentration of International Style buildings (Bauhaus and other related modernist architectural styles).
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