Isranomics

Shikun & Binui win 4B contract to build largest IDF compound

by | Oct 26, 2022 | Real Estate | 0 comments

Shikun & Binui (TASE: SKBN), one of the largest construction companies in Israel, won a tender to build and operate “Ofek Rahav” project. According to it, the company will plan, construct, and operate the compound for a period of 25 years. Subject to signing of the agreement and compliance, the total cost of the project amounts to over 4 billion NIS. This is a third IDF tender win for Shikun & Binui after Kiryat ICT and Modein projects.

“Ofek Rahav” camp will be based near the headquarters of the Home Front Command in Ramle and will cover the territory of 360 dunams (89 acres). Once completed, it will be the largest IDF compound. It is expected to include recruitment office, military and technological units, logistical hub, and advanced medical centre. Additionally, the compound will have commercial areas, sport facilities and parking lots.

The new project is designed to use green energy and smart technology, and therefore, is expected to be energy efficient. The new base is planned to accommodate around 9,000 personnel and be able to provide service to over 5,000 visitors a day.

The construction works will be carried out by Shikun & Binui’s subsidiary Solel Bona.

The company CEO Tamir Cohen stated, “We are proud to lead the construction and management of IDF military bases in the Negev and central part of the country, and the “Ofek Rahav” project adds to our substantial backlog”. He further added, “our projects pipeline demonstrates our financial and engineering business acumen as well as our pride in the fact that as a company we are playing a key role in servicing IDF bases”.

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