DUN'S 100 - 2016

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Construction & Real Estate
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2016 | DUN’S 100 DUN’S 100 | 2016
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Real Estate Development
Haifa Economic Corporation
The Haifa Economic Corporation constitutes
the main growth engine of the city. Since
its inception in 1972 as a municipal cor-
poration, fully owned by the city of Haifa, it has
introduced wide-scale projects and initiatives
in the fields of real estate, commerce, industry,
tourism and sport. The corporation is in charge
of hundreds of thousands of meters in MATAM
Park, the Sports Campus, Life Sciences Park and
the Congress Center, and is responsible for the
development and creation of economic growth
engines starting from the initiative, through the
construction and supervision, up to the occupancy
and ongoing management.
The corporation has five subsidiaries: “MATAM
Hi-Tech Park”, “Haifa Life Sciences Park”, “Sami
Ofer Stadium”, “hiCenter” and “Haifa Sports
Campus”.
Financial robustness
The Haifa Economic Corporation enjoys consid-
erable economic fortitude and financial stability.
The corporation, led by CEO Or Shahaf, has 35
employees with a portfolio of income-generating
assets valued at NIS 1.5 b under management,
with annual investments of hundreds of millions
of shekels. These figures allow the company to
initiate and expand activities in various fields in-
cluding development of municipal areas, develop-
ment of economic and commercial anchors, and
the creation of jobs, while bettering the assets and
successfully undertaking complex and expansive
projects. The corporation’s financial robustness
permits the implementation of a strategy of long-
term activity coupled with investment in projects
that demand stability and skill.
Main projects
MATAM Hi-tech Park - The hi-tech business park
campus, which stands on 220 dunam, is the largest
and most successful of its kind in Israel. Located
along the coast, the park boasts 300,000 sq. m
of built up area incorporating the most advanced
and highest standards. The park is home to more
than 50 leading international hi-tech companies,
among them Apple, Intel, Google, Microsoft and
IBM. About 10,0 employees in the fields of R&D
arrive at the park every day. The facility offers secu-
rity and maintenance services, an energy center,
creches, restaurants and cafes, banks, post office
and health clinic, parking lots, gas station and
more. Strategically located, the parkis easily acces-
sible to the center and north of the country, via the
coastal highway and the CamelTunnels adjacent to
train and bus stations, with high frequency access
to the research and academic institutions.
Haifa Life Science Park - The park is being estab-
lished at the initiative of the Haifa Economic Cor-
poration and the Mivne Real Estate Group at the
southern entrance to the city. With 85,000 sq. m. of
built up area located on 31 dunams, the parkis cur-
rently under construction and is specially adapted
to the needs of the tenant companies that will enjoy
reciprocal relationswith the city’s academic institu-
tions, among them the Technion, Haifa University,
RAMBAM Medical Campus, Rappaport Institute,
Bnei Zion Hospital and others.
Sami Ofer Stadium - During 2014 the Haifa Eco-
nomic Corporation completed the construction of
a new sports campus at the southern entrance to
the city. The focal point of the campus is the state-
of-the-art Sami Ofer Stadium, built according to
the international standards of UEFA and equipped
to host sports events, mass entertainment perfor-
mances and family recreation activities. The Sami
Ofer Stadium is ranked among the leading and
most advanced stadiums in Europe today. The
project includes covered seating for 30 thousand
spectators, fan clubs, VIP viewing booths and audi-
toriums, space dedicated for the football museum
and exhibition halls. The Haifa Economic Corpora-
tion is initiating the construction of a cinema com-
plex and commercial space covering some 20,000
sq. m. in the Sports Campus and adjacent to the
Sami Ofer Stadium, in an attempt to turn the whole
complex into a leading, year-round entertainment
and recreation center in the north of the country.
HiCenter – Start-up accelerator and incubator - A
“mega technology center”, the center for business
innovation was established by the Haifa Economic
Corporation with the aim of encouraging techno-
logical business innovation and also to provide
entrepreneurs and start-up companies the oppor-
tunity to develop their technology and proto-types
and to help them commercialize their technology
and find investors.
Solar installations on public buildings - As part of
the company’s preparation and community respon-
sibility to institute “green” projects, the Haifa Eco-
nomic Corporation has initiated the establishment
of photovoltaic (solar) installations on the roofs
of public and education building throughout the
city. The project generates about 1 KW of electric-
ity and other sources of income such as income-
generating assets in order to continue financing
the company’s activity.
Kiryat HaimSports Park - The Haifa Economic Cor-
poration is currently developing amodernSporting
Park in Kiryat Haim. The Park focuses on sporting
activities through versatile and contemporary
areas, which are intended for all age groups and
includes a variety of sporting activities, such as
synthetic mini-pitches and a recently completed
fitness complex, as well as two standard soccer
fields, currently under construction. Furthermore,
sporting equipment and various extreme sporting
activities are also being examined, with emphasis
on landscaping that includes lush greenery and
vegetation, in line with Haifa’s green environmental
outlook.
Tourism projects - Haifa is home to international
tourist centers and heritage siteswhich attract both
domestic and incoming tourism. Over many years
the company has initiated and developed a tourism
infrastructure which facilitated the construction of
hotels and recreational sites throughout the city.
The 1,500 m southern coastal beaches - Kiryat
Haim, Dado and Zamir – boast a promenade, cafes,
recreational and sport facilities. Yet another focal
tourismproject is the restoration and preservation
of the German Colony in Haifa which has become a
unique and attractive tourism and entertainment
center, one of its kind in Israel. In the frameworkof
this project, the company formed a continuous link
from the Louis Promenade in the center of the Car-
mel, via the Bahai Gardens, up to the Haifa port.
MATAM ,Haifa 3190500
Tel: 972-4-8550150
Fax: 972-4-8500638
Esta b l i s h e d
1972
L i n e o f B u s i n ess
Business initiative and development, real estate
investment for offices, hi-tech, biotech, hotels, industry
and commerce
Yona Yahav
Chairman
Or Shahaf
CEO *
* See Top Executives Profiles - Page 582