Almost 120 years after the Abarbanel Midrash, the forerunner of Israel’s National Library, was founded, the country’s largest library is embarking on a dramatic renewal project that will include a new building and a vast digitization project to make thousands of the library’s manuscripts and books available online.

The $200 million project, funded by the Rothschild fund Yad Hanadiv, was launched at a ceremony at the National Library on Sunday evening attended by Prime Minister Binyamin Netanyahu, President Shimon Peres, Education Minister Gideon Sa’ar, Hebrew University President Menahem Ben-Sasson, and Bank of Israel Governor Stanley Fischer.

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