Shikun & Binui wins NIS 4 billion tender for the IDF’s largest base
Shikun & Binui Holdings Ltd.’s fully-owned unit Bereshit Ofek Rahav has been selected by the IDF Tenders Committee to build and operate the Ofek Rahav army base in Ramle. The company will plan, build and operate the base over 25 years.
The Ofek Rahav base will be the IDF’s largest multi-division base and will include the IDF Induction Center (Bakum), IDF Ground Forces Command, Technology & Logistics Division units, and the Manpower Division as well as an advanced medical center, commercial centers, car parks, sports facilities and bicycle tracks.
Herzog ’s Project Finance team, led by Mark Phillips, Gilad Eshed and Danit Zion acts for Shikun & Binui, which estimates the base will cost NIS 2.4 billion to build and will result in NIS 4 billion in payments to the company.
Read more here in Globes.
