This is the final approval before construction works begin, two years after the committee approved the plan and gave residents the opportunity to voice their objections.
Givatayim Mayor Reuven Ben-Shahar told Ynet that the infrastructure works had already begun and that construction would likely be launched in the coming weeks.
Simulation: Architechts Amnon Moshe and Amnon Schwartz
The tallest building in Israel today, and the third tallest building in the Middle East, is Ramat Gan's Moshe Aviv Tower at 235 meters (770 feet). The Eurocom building is slated to reach 241 meters (790 feet).
The 68-floor Moshe Aviv Tower, built in 2003, was the tallest building in the region at the time, but the title has since moved on to Dubai's Burj Khalifa skyscraper, which has 200 floors.
The new tower will be built on the corner of Shefa Tal and Arvei Nahal streets and will be part of Givatayim's "City District", which will stretch over 2.5 acres between Ramat Gan, Givatayim and Tel Aviv.
The tower will include stores, offices, banquet halls, a hotel and offices of the Givatayim Municipality.
The building will stretch over 84,200 square meters (906,320 square feet). Some 3,000-6,000 square meters (32,300-64,600 square feet) will be used by business and banquet centers, and another 3,000 square meters will be allotted to the Givatayim Municipality.
The complex will be connected to the railway station and Ramat Gan Diamond Exchange area through pedestrian and bicycle bridges, as well as to the future light rail.
The entire complex will be built by Eurocom and partnering companies and was planned by architect Amnon Schwartz. According to Ben-Shahar, the complex will yield NIS 40 million (about $10.5 million) a year in property tax.