 In 2010 , <unk> magazine identified Haifa as the city with the most promising business potential , with the greatest investment opportunities in the world . The magazine noted that " a massive head @-@ to @-@ toe regeneration is starting to have an impact ; from scaffolding and cranes around town , to renovated façades and new smart places to eat " . The Haifa municipality had spent more than $ 350 million on roads and infrastructure , and the number of building permits had risen 83 % in the previous two years . 
