Israel Seeks Foreign Construction Firms to Boost Housing Output
Translated & summarized from Bizportal by baba
Israel's Ministry of Construction and Housing held a conference with foreign diplomats to attract international construction companies to boost building activity. The ministry will soon issue a new tender as part of a government initiative to increase competition and accelerate housing projects. Officials aim to bring in global expertise and capabilities to enhance the construction sector's performance and shorten project timelines.
The story in 5 lines · by baba
- Israel's Ministry of Construction and Housing is seeking foreign firms to increase building activity.
- A conference was held with ambassadors and economic attachés to promote a new tender.
- The initiative aims to boost competition and accelerate construction projects in Israel.
- Additional government funding is allocated to support work with international companies.
- Officials hope to bring advanced expertise and execution capabilities to the sector.
Israel's Ministry of Construction and Housing is actively seeking to attract leading international construction companies to increase building activity within the country. This initiative was highlighted at a professional conference attended by ambassadors, embassy representatives, and economic attachés stationed in Israel. The event served as a prelude to a new tender the ministry plans to issue soon, aimed at encouraging global firms to participate in Israel's construction sector.
During the conference, opportunities within the Israeli construction industry were presented, along with key details of the upcoming tender. Attendees were encouraged to disseminate this information in their home countries, reaching out to experienced construction companies with advanced capabilities. This effort is part of a broader government decision to bolster the real estate sector, supported by additional funding allocated to expand work with foreign companies.
The primary goals are to enable more companies to build in Israel, foster greater competition, and accelerate construction projects, even amidst international relationship challenges. The conference, supported by KPMG, is one in a series of professional engagements the ministry is conducting with companies and economic entities worldwide.
Yehuda Morgenstern, Director General of the Ministry of Construction and Housing, stated that expanding the presence of international construction firms is crucial for strengthening the sector and enhancing execution capabilities. He emphasized the ministry's commitment to opening doors and fostering collaborations that will bring leading companies, professional knowledge, and advanced execution abilities to Israel, ultimately increasing construction volumes, competition, and project timelines.
Michal Aran, Senior Director of Strategy and Policy at the ministry, described the conference as a vital opportunity to showcase the potential of the Israeli construction market to foreign representatives and to strengthen ties with global firms. She noted that ambassadors and economic attachés can play a significant role in connecting with quality companies and facilitating their entry into the Israeli market, viewing this cooperation as key to increasing the number of active companies and bolstering construction capabilities.
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