At the end of May 1995, a supervisory steering committee was established to oversee the implementation of the project.
The aims of the project are as follows:

to build a proper infrastructure for visits by tourists and pilgrims,

to ensure comfort for the visitor today and during the expected wave of visitors in the year 2000,

to enable all Christian communities to have access to the holy places,

to highlight the charm of Nazareth, and to develop points of interest and long, varied touring routes.

The project is also meant to raise the standard of living of the citizens of Nazareth, develop sources of employment, increase options for tourist accommodations and services in the city, and create conditions for investment in Nazareth's tourism industry.
Architect and town planner Arie Rahamimoff was asked to prepare a plan for the development of tourism infrastructures in Nazareth.
Rahamimoff and his team identified sites of historical and cultural value that fit the description of "national treasures," a term first coined in the master plan for Israel in the year 2020.

The work has begun.
The market has been renovated and a ceremony marking the completion of its face-lift is to take place soon.