BDI CODE 2014 - Israel's Leading Companies, Law Firms, Accounting Firms, Best Companies To Work For - page 383

CONSTRUCTION
dual-listed
listed in Tel Aviv
listed in U.S.A
listed outside USA& Israel
employees via the company
group figures
*
estimated figures
BdiCode 2014
383
Construction Holdings
rank in sector
2014
Company Name
Construction Sector
Ranking 2014
bdi code
2014
Revenue ($M) 2013
Employees
Major Ownership
Started
Website
Rank in Branch
2013
Company Profile
1
1
1 28 1,764.1 12,573 Arison Investments
1924
1 387
2
2
2 51 1,117.2 *1,400 Leviev Family
1934
2 394
3
Electra
3 58 973.4 4,843 Elco Holdings
1945
3
-
4
3
4 62 807.7 1,035
-
1963
4 396
5
5 75 734.0 1,300 Shapira Family
1968
5 398
6
6 106 468.3 532 Acad Building & Gazit Globe Israel
1961
6 399
-
- -
442.4 305 U. Dori Group
2008
-
399
During the past year the construction industry was characterized by regulatory
proceedings instigated by the Ministry of Finance and the Ministry of Housing
designed to limit the extent of mortgages taken out and to restrain the rise
in the costs of apartments, while in fact these steps contributed to creating a
freeze in the housing market.
In June 2014 the “0% VAT” plan was approved by the government, in the
framework of which, an Israeli citizenwho had completedmilitary, national or civil
service, of at least 12months, would be entitled to a VAT benefit in the amount
of 0% when purchasing a first apartment, for an apartment valued at up to
NIS 1.6 million, including VAT, while a citizen who had not completed any such
service would be entitled to the benefit when purchasing an apartment valued
at up to NIS 950 thousand including VAT. We should state that the proposed
law is expected to come into effect from September 2014, and its anticipated
cost is about NIS 2.4 billion. Furthermore, in June 2014 the Housing Cabinet
approved the “Target Price” plan in the framework of which land would be
marketed at a discount of 20%off the market value and the contractor would
be obliged to sell 80% of the apartments that would be constructed on these
lands for 80% of their market value. The goal of the Ministry of Finance is to
market about 66,000 residential units in the framework of this plan by 2019,
at a cost estimated at about NIS 750 million.
As a result of publication of the plans a freeze resulted in the housing market.
Apartment buyers are waiting for the promises to be realized, while the
construction companies are organizing to stop sales bymeans of freezing projects,
cutting expenses and more. As an expression of the freeze, during the months
of January to May 2014, there was a decrease of about 17% in purchases of
new apartments as opposed to the same period last year, as well as a drop of
about 16% in the number of apartments whose construction had begun in the
first quarter of the year, in comparison to the same quarter last year.
20
2012
2013
13
1380
1451
20
2012
2013
63
695
757
20
2012
2013
76
801
868
2008
2009
20
10
201
1
2012
2013
5.25
5.61
5.18
4.92
5.03
4.5
5.0
5.5
6.0
6.5
7.0
7.5
8.0
400
600
800
1,000
1,200
1,400
1,600
2009
2010
2011
2012
2013
1,116
1,291
1,395
1,380
1,451
868
801
763
697
593
485
548
635
695
757
צפון דרום
מרכז
Center
North
South
Average Costs of Apartments
(According to Regions, in NIS Thousand)
Construction Sector
1
Figures include Shikun Ovdim (the group's developing arm) and Solel Bone Infrastructure (the construction company)
2
Figures also include Danya Cebus
3
Figures also include Ashdar
Construction
rank in sector
2014
bdi code
2014
Company Name
Revenue ($M) 2013
Employees
Major Ownership
Branch
Rank in Branch
2014
Started
Website
Rank in Sector
2013
Company Profile
1 28
1
1,764.1 12,573 Arison Investments
Construction
Holdings
1 1924
1 387
- -
- Infrastructures
*553.9 *700 Housing & Construction Holding
-
-
1924
-
389
2 51
2
1,117.2 *1,400 Leviev Family
Construction
Holdings
2 1934
2 394
- -
850.0 1,005 Africa Israel Investments
Construction &
Infrastructure
-
1997
-
395
1
Figures include Shikun Ovdim (the group's developing arm) and Solel Bone Infrastructure (the construction company)
2
Figures also include Danya Cebus
CONTINUED
CONSTRUCTION HOLDINGS
Center
North
South
1...,373,374,375,376,377,378,379,380,381,382 384,385,386,387,388,389,390,391,392,393,...480