[14] The Jerusalem Development Authority reached an agreement in 2005 to collaborate with a firm in the Netherlands to promote innovation in the fields of biotechnology, information technology and tourism.

In 2006, with additional funding from its investors, BioLineRx launched BioLine Innovations Jerusalem, Israel's first biotechnology incubator.

[18] The initiative offers monetary incentives to biotechnology companies who relocate their facilities to Jerusalem or set up operations there.

[19] In cooperation with Ruach Hadasha, a student-oriented nonprofit, and in an effort to encourage students to remain in Jerusalem after having completed their academic studies, as of 2009 the Jerusalem Development Authority acts as an interface between college and university graduates and more than 100 Jerusalem-based institutions offering internship programs.

In addition, students are offered benefits and monetary incentives if they choose to live downtown and commit to remaining in the city after completing their studies.

The festival takes its name from the word hamshush, military slang meaning "weekend beginning on Thursday," combined with the Hebrew name for Jerusalem, Yerushalayim.

It lasts for three weekends during the month of December and includes free entrance to museums, guided tours, musical performances, and discounted hotels.

First launched in 2009, the festival takes place annually in and around Jerusalem's Old City and features works of light art created by various artists.

[33] The restoration of Herod's Gate was completed in June 2010, whereupon a reinauguration ceremony was held attended by the Old City's Nawar mukhtar, Abed-Alhakim Mohammed Deeb Salim.

[34] The restoration work at Damascus Gate, lasting more than a year and completed in August 2011, involved the reconstruction of part of a crenellated turret damaged in the Six-Day War.