About – MinRav

Financial Data

All data is in Millions of NIS

The Company Profile

Minrav Holdings Ltd (“Minrav”/ “The Group” / “The Company”) was founded in 1969 by Mr. Avraham Kuznitsky who serves as chairman of the board.

The company has been traded on the Tel Aviv Stock Exchange since 1983. The Group operates both directly and through its subsidiaries in four main areas: Engineering management and execution of construction works in real estate, infrastructure and environmental projects as contractors using the B.O.T/P.F.I methods in the public and the private sectors.

In this area, the group is involved in several extremely challenging projects in Israel, including: The Israeli Defense Force’s new military training camp city the Modi’in Latrun train tunnel The sea water desalination plant in Ashdod Terminal 3 on a 20,000 sqm area. and parking lots and bridges on a 70,000 sqm area at the Ben Gurion International Airport The Holocaust Museum at Yad Vashem The Menahem Begin Heritage Center.

The Cultural Auditorium in Rishon Lezion; the foot ball stadium in Rishon Lezion a 110,000 sqm office building in Kiriyat Hamemshala, Tel Aviv 50,000 sqm of government offices in Kiriyat Hamemshala, Jerusalem; 60,000 sqm of high-tech facilities for Intel, in Kiriyat Gat 25,000 sqm of high-tech offices on Hahotzvim Mountain in Jerusalem amongst others.

Development of residential construction projects in Israel and abroad. The group develops residential neighborhoods, amongst others are the 122 apartments in “Minrav Premium”, Hod-Hasharon; 286 apartments in “Minrav Hatze’ira” (Young Minrav), Rishon Lezion; 135 apartments in “Minrav Bapardes” (Minrav in The Grove), Petah Tikva 144 apartments in “Minrav Modi’in” 101 apartments in “Nofei Minrav” (Minrav Views), Shmurat Arnona, Jerusalem; 210 apartments in “Minrav Hayeruka” (Green Minrav), Kfar Saba 273 apartments in “Ono Al Hapark” (Ono by the Park), Kiriyat Ono; 156 apartments in “Kidmat Ha’ir” (City Front), Kfar Saba; 71 apartments in “Hadarei Ha’ir”, Petah Tikva; 67 apartments in “Minrav Towers”, Jerusalem and other neighborhoods in central cities in Israel. Over the years the company has developed housing projects in South Africa, the United States and in Hungary.

Leasing and management of yielding assets, both owned and B.O.T, to the business and government sectors, for use as commercial, industrial and office space. For example, construction of the student dormitories for the Hebrew University in Jerusalem, government offices, the first private prison in Israel, offices designated for long term leasing to high tech companies in Jerusalem and Ashdod as well as commercial and logistic spaces.

The construction and operation of wastewater purification plants by the B.O.T method: The Company has won B.O.T tenders for wastewater purification plants and sea water desalination plants. As a pioneer in this field, Minrav has built plants in Netanya, Ramat Hasharon, Beer Sheva and at Ben Gurion Airport. In addition, The Group has other areas of activity including manufacturing, importing and marketing plastic and PVC products and operating and leasing freezing works.

The Groups Structure


  • 1969 – Mr. Avraham Kuznitsky founds the company and is appointed CEO and chairman.
  • 1983 – The Company’s shares are issued on the Tel Aviv Stock Exchange (TASE).
  • 1984 – The Company initiates its international activities – residential construction in South Africa and in the United States.
  • 1995 – The Company starts implementing projects using the B.O.T method and constructs a water purification plant in Netanya, becoming pioneer in the field.
  • 1999 – The Company wins the tender to build the government complex (Kiriyat Hamemshalah) in Tel Aviv, in collaboration with Africa-Israel. The project is build by the D.B.O.O method.
  • 2002 – Establishing the Steel Division – a factory for the production of steel constructions for multi-story buildings. The start of residential construction activities in Hungary.
  • 2003 – Winning the project for the planning, construction and operation of the student dormitories in Jerusalem (1,600 rooms) in collaboration with Africa-Israel.
  • 2004 – Purchasing a plant for the production and construction of prefabricated buildings.
  • 2005 – Winning the first tender in the State of Israel for planning, constructing and operating a private prison in the city of Beer Sheva, in collaboration with Africa-Israel and carried out as a P.F.I project.
  • 2006 – The Company begins the construction of a bio-tech park in the Hadassah Ein Kerem Hospital Complex in Jerusalem, with a B.O.T contract for 25 years.
  • 2007 – The company focuses its activities in real estate and works towards selling operations that are not synergetic or profitable. The Engineering Division wins tenders worth over 350 million NIS.
  • 2008 – The company wins the tender to construct and operate a wastewater purification plant east of Jerusalem, and the tender to build a school for computer sciences on the Givat Ram Campus of the Hebrew University in Jerusalem.
  • 2009 – The Company sells its rights in connection to the Agrogreen bionematicides products to the agrochemical giant BAYER. The transaction pours 180 million NIS into the company’s funds, and additional milestones of substantial amounts are expected.
  • 2009 – The Company expands its activities in developing residential real estate in high-demand real estate areas and starts marketing 550 residential units in new projects in Rishon Lezion, Kfar Ganim, Kfar Saba and Jerusalem.
  • 2010 – Minrav Engineering wins a tender published by the Israel Railways Company for the construction of a section of the rail for the express train to Jerusalem, including amongst other things a 7 km tunneling project with the Moscow Metrovstroy Co. for the sum total of over 500 million NIS.
  • 2011 – Minrav Engineering wins Mekorot, Development and Enterprise Co.’s tender for the construction of the water desalination plant in Ashdod. The Company bids on the tender as a joint venture with the Saydyt Company, which is a company specializing in the construction and operation of desalination plants. The plant has an annual capacity of 100 million cubic meters with the scope of 1.5 Billion NIS.
  • 2012 – Minrav, along with Binat and Electra win a project for the construction and operation of the military training base city. The project will house approximately 10,000 soldiers a day with a developed area of about 160 thousand square meters and a built area of approximately 250 thousand square meters. The cost of construction is approximately 2 billion NIS. It will be operated by Minrav for approximately 21 years, with the expected proceeds of about 7 billion NIS.

Clients and Business Partners

The Group executes projects for leading private and public clients in the Israeli economy
• The Ministry of Defense
• The Ministry of Finance
• The Ministry of Construction and Housing
• The Israel Airports Authority
• Israel Railways
• Mekorot, Israel’s National Water Co.
• Netivei Yisrael
• Local authorities
• Alstom

The Group collaborates with the world’s leading international companies
• Alstom
• Moscow Metrostroy
• Sadyt from the SYV Group

Engineering Excellence

As a company experienced with the execution of large and complex projects, Minrav also excels in building public buildings and prominent educational institutions. The Company is involved in projects combining advanced technologies and work with international sub-contractors, while ensuring uncompromising quality and professionalism and meeting stringent international standards:
Amongst the projects the company has executed are:

  • Ben Gurion Airport 2000 — Air Terminal, parking lots and bridges
  • Kiriyat Hamemshala (Government Complex — Offices in Jerusalem and Tel-Aviv
  • Yad Vashem — Museum and memorial site in Jerusalem
  • Railroads and bridges — Ben Gurion Airport and Modi’in
  • Development and construction of the Shomeria Military Base
  • Wastewater purification plants — Beer Sheva, Netanya, Ben Gurion Airport, Ramat Hasharon, Ashdod and Dan Region Reclamation

Financial Stability

The Company has equity capital and lengthy reputation in its field, which allows building heavily, financed projects to the scope of hundreds of millions of NIS.

  • Order backlog to be implemented totaling approximately 3 Billion NIS, out of which 1.3 Billion NIS from B.O.T projects.
  • Order backlog from contractual projects at a scope of approximately 970 million NIS.
  • Apartments for sale in beginning stage projects, worth approximately 430 million NIS.
  • Sold apartments, totaling approximately 650 million NIS.
  • Strategic collaborations with Africa-Israel, Offer Brothers, Mekorot and Danya Cebus



Financial Stability

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