[TalB]

The reason why it's on hold is b/c the company does not have the money it currently needs for the construction of it. You have to understand that construction/demolition is pretty expensive, and when there is not a lot of money, it's just put on hold. Amkor (Ampa) will hope to get the money to construct Tel Aviv's tallest from the revenue it gets from the other buildings and its current markets. Until then, it cannot be constructed. Being on hold does not mean that it's cancelled. Afterall, the foundation for the Amkor Tower has been made, and the company has not mentioned that they will have to scrap it.