Milestones

 
  • 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.