Israel Seeks Foreign Builders to Ease Construction Crisis
Translated & summarized from Maariv by baba
Israel's Ministry of Construction and Housing is inviting international companies to boost construction by increasing foreign worker quotas. A recent conference in Tel Aviv, attended by foreign diplomats, aimed to attract these firms. This effort addresses a construction crisis and follows employer criticism over a delayed NIS 10 million transfer from the Finance Ministry, which impacts the entry of 20,000 foreign construction workers.
The story in 5 lines · by baba
- Israel's Ministry of Construction and Housing is seeking international firms to increase building volumes.
- A conference was held in Tel Aviv with foreign diplomats to promote opportunities in Israeli construction.
- The initiative aims to integrate foreign expertise and labor into the Israeli construction sector.
- This is part of a government plan to accelerate the real estate sector with additional funding.
- The move follows employer criticism over a delayed NIS 10 million transfer impacting foreign worker entry.
Israel's Ministry of Construction and Housing is actively working to bring more international construction companies into the country to boost building volumes and accelerate project timelines. This initiative is part of a government decision to speed up the real estate sector, with additional funding allocated for engagement with foreign firms.
The ministry recently hosted a professional conference in Tel Aviv, attended by ambassadors, embassy representatives, and economic attachés. The event aimed to present opportunities in the Israeli construction market and outline key aspects of a new tender for foreign construction companies. Foreign representatives were asked to help disseminate the tender in their respective countries to attract experienced and capable construction firms.
This move seeks to integrate foreign expertise, labor, and execution capabilities into the Israeli construction industry, complementing the local workforce. The effort addresses current challenges within the sector and the need to increase the pace of construction.
The conference, supported by KPMG, is part of ongoing efforts by the ministry to engage with global companies and economic stakeholders through professional meetings and roundtables.
This initiative follows recent criticism from employers in construction, industry, trade, and services regarding a delay by the Ministry of Finance in transferring NIS 10 million to the Population and Immigration Authority. Employers claim the delay hinders a government decision to increase the proportion of foreign workers in Israel from 3.3% to 3.8% of the total population, a move expected to allow approximately 20,000 foreign workers into the construction sector.
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