Israel Seeks Global Builders to Accelerate Housing Construction

Israel's Ministry of Construction and Housing hosted a professional conference last Thursday, attended by ambassadors, embassy representatives, and economic attachés stationed in Israel. The event is part of the process for a new "call for proposals" the ministry plans to issue soon, aiming to encourage leading international construction firms to participate in building projects within Israel. During the conference, opportunities in the Israeli construction market and key aspects of the upcoming call for proposals were presented. Attendees were asked to help disseminate the call for proposals in their home countries and expose it to construction companies with advanced experience and capabilities.

This initiative stems from a government decision to accelerate the real estate sector, which includes allocating additional budgets for expanding engagement with international companies. The goal is to enhance the sector's execution capacity, increase competition, and speed up construction in Israel, particularly given current international challenges. The conference, supported by KPMG, is part of a series of professional meetings and roundtables the ministry is organizing with global companies and economic entities.

Yehuda Morgenstern, Director General of the Ministry of Construction and Housing, stated that expanding the activity of international construction companies in Israel is central to the ministry's strategy for strengthening the construction sector and increasing its execution capabilities. "Even during a time of international challenges, we are working to open doors and create collaborations that will bring leading companies, professional knowledge, and advanced execution capabilities to Israel. The goal is clear: to increase construction volumes, boost competition, create a diverse mix of construction companies and local and international workforce to shorten project timelines and advance the entire sector," Morgenstern said.

Michal Aran, Senior Director of Strategy and Policy at the Ministry of Construction and Housing, echoed Morgenstern's remarks, calling the conference an important opportunity to showcase the potential of the Israeli construction market to foreign representatives and strengthen ties with leading global companies. She added that ambassadors and economic attachés can help connect with quality companies and facilitate their entry into the Israeli market. "We see this collaboration as a crucial tool for expanding the number of companies operating in the sector and strengthening construction capabilities in Israel," Aran declared.