Alfred Akirov Plans to Gain Control of Clal Insurance, Discusses Economy and Elections

Alfred Akirov, founder and owner of Alrov, revealed at the Calcalist National Economic Conference that he intends to acquire controlling interest in Clal Insurance. Having purchased shares in the company in 2019, Akirov expressed confidence in the current management and CEO, stating, "There is no reason to sell. There is reason to acquire control. In the end, I will have control of Clal Insurance."

Addressing the upcoming elections, Akirov voiced support for Gadi Eisenkot, who he described as an exceptional candidate deeply committed to the country. He expressed hope that the next government would act in the nation's best interest and that the economy would strengthen further after the elections.

On the economy, Akirov noted Israel's recent strength, with the stock market at record highs and a deficit smaller than expected. He emphasized the importance of business, tourism, and high-tech sectors to the country’s prosperity. Regarding his hotel holdings, he acknowledged current challenges due to low tourism but is expanding his hotels in anticipation of recovery.

Akirov also commented on international hotel markets in London, Amsterdam, and Paris, noting steady improvement and diverse global visitors. He praised the Bank of Israel governor’s decision to cut interest rates, criticizing ministers who lack economic understanding and urging support for investments.

Regarding real estate, Akirov explained that Israel needs 40,000 to 50,000 new homes annually, and construction slowdowns affect prices. He highlighted issues with office spaces as businesses relocate but predicted a return of workers and growth if the government changes. He dismissed concerns about 80,000 vacant apartments, saying rising demand will absorb this supply within a year.