[2] Be'er Ya'akov was established in 1907 on 2,000 dunams of land purchased by a company headed by Meir Dizengoff from a Lutheran German colony the previous year.

It was divided into two sectors, one for immigrants from Russia, Poland, Romania, Bulgaria, Argentina, and Iran, and the other for Mountain Jews from Dagestan.

The population at that time was evacuated and a new settlement, Be'er Shalom, was established nearby by members of Kibbutz Buchenwald, the first pioneer training group formed in post-World War II Germany.

A metro system for the city which will terminate at Ben Gurion International Airport is also planned, with work scheduled to commence in 2028.

[13] IAI's MLM Division, Israel's main missile assembly facility is located in the south of Be'er Ya'akov.