High Demand for Industrial Land in Zukim Settlement
Translated & summarized from Globes by baba
A tender for 12 industrial land plots in the Zukim settlement in the Arava region received 75 bids, indicating high demand. The Israel Land Authority successfully marketed all plots for approximately 7.3 million shekels. This event highlights a notable interest in developing industrial areas in the relatively remote Arava region, with past tenders also showing strong uptake.
The story in 6 lines · by baba
- 75 bids were submitted for 12 industrial land plots in the Zukim settlement.
- The Israel Land Authority tender in the Arava region was fully marketed with high demand.
- The total cost for the 33.5 dunam of land is approximately 7.3 million shekels.
- The average price per dunam for the industrial land was about 220,000 shekels.
- This tender is part of the development plan for the Zukim settlement.
- No new land tenders are currently announced for Zukim.
A tender for industrial land in the Zukim settlement in the Arava region has seen surprisingly high demand, with 75 bids submitted for 12 plots totaling approximately 33.5 dunams. The Israel Land Authority (ILA) tender, which recently closed, was fully marketed. This level of interest is considered unusual for the Arava, with the last comparable land tender for new construction in the region being for hotels in the Dead Sea in August 2022. Prior to this, recent successful tenders in the area were for quarrying and mining. The Zukim tender specifically targeted light industry, allowing for the construction of workshops, light clean industry, related offices, and auxiliary facilities. The winning companies, including Climatic Solarco, Philo and Sons Construction and Investments, and Neot Eilat and Ilan Levi, will pay a total of approximately 7.3 million shekels, averaging about 220,000 shekels per dunam, including development costs. Zukim, located about 100 kilometers north of Eilat, is a small community of around 390 residents known for its hospitality offerings. This tender is part of the settlement's development plan. Past tenders in Zukim for commercial and office spaces, as well as industrial land, have also been successfully marketed, indicating consistent demand in the settlement. No new tenders for land in Zukim are currently announced.