Tidhar Group Completes Land Reclamation for Acre Logistics Park, Rafael to Anchor Tenant
Translated & summarized from Ice by baba
The Tidhar, Harel, and Delek groups have completed a NIS 200 million land purification project in Acre, transforming 430 dunams of neglected land into a major employment and logistics park. Defense contractor Rafael will be a key tenant, leasing 40,000 square meters for an operations campus. The park is expected to attract leading companies and create new jobs in northern Israel, with occupancy beginning in 2027.
The story in 5 lines · by baba
- Tidhar, Harel, and Delek groups completed a NIS 200 million land purification project in Acre.
- The 430-dunam site will become a major employment and logistics park for defense, industry, and logistics firms.
- Rafael Advanced Defense Systems will lease 40,000 square meters for a new operations campus.
- The project aims to revitalize neglected land and boost employment and the economy in northern Israel.
- Occupancy at the new park is scheduled to begin in 2027.
The Tidhar, Harel, and Delek groups have concluded land purification and rehabilitation work on a 430-dunam employment and logistics project south of Acre. The multi-year effort, costing approximately NIS 200 million, transforms neglected land into a major hub for defense, industry, and logistics companies. The park is slated to become a significant economic anchor in northern Israel, with occupancy expected to begin in 2027.
A key tenant will be Rafael, which has already signed a lease for about 40,000 square meters, valued at NIS 45 million, for an advanced operations campus. The completion of the land remediation marks the transition to the next development phase of the project.
A ceremony celebrating the milestone was attended by Acre Mayor Ovad Shagav, Tidhar Group Chairman Gil Geva, Tidhar Group CEO Uri Levin, and Harel Insurance and Finance Group Chairman Yair Hamburger, along with representatives from Rafael, the Water Authority, the Ministry of Environmental Protection, and other involved bodies.
Gil Geva stated that the project represents a significant business initiative and corporate responsibility, rehabilitating land neglected for 20 years using advanced international knowledge and technology. Yair Hamburger highlighted the project as a testament to long-term partnership, transforming unused land into a significant economic and employment center for the North, creating lasting value for the community, environment, and Israeli economy.
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