Security risks and geopolitical issues are expected to prevent non-Israeli companies from participating in an Israeli Defense Ministry project to build a 60-kilometer barrier designed to prevent and monitor Hamas tunneling, according to knowledgeable Israeli sources.
Shikun & Binui Group, Israel’s largest contractor, expects to take a loss of up to $30 million on debts owed since last year for infrastructure by its key overseas client, oil-sector-ravaged Nigeria.
The first $900-million phase of a mammoth project to pump water from the Red Sea to the shrinking Dead Sea on the Israel-Jordan border—along with boosted water and power supply facilities for the region—has attracted design-construction proposals from teams that include 17 global firms.
Construction is set to begin this month on the world’s tallest solar tower—a 787-ft-high structure in Israel’s Negev desert that will supply 1% of the country’s power.
General Electric subsidiary Alstom and China contracting giant Sinohydro Corp. have signed an agreement in principle to build, operate and maintain what would be Israel’s largest pumped-storage project, a 340-MW facility to be built in northern Israel.
The largest-ever infrastructure investment in Israel’s history—possibly $10 billion—has been halted and could face delay of at least a year following a March 27 domestic court ruling that rejected the framework for the U.S.- Israeli developers of the Leviathan offshore gas field.
Two Israeli marine biologists have joined that country’s start-up craze, using $1 million in new investor cash to develop their innovative, environmentally friendly concrete for marine infrastructure and expand their company, ECOncrete Ltd., into the booming U.S. coastal-upgrade market.
Jordan and Israel are moving forward with the first phase of their ambitious Red-to-Dead Sea project to build jointly new pilot-scale facilities to boost the water supply to both countries and replenish the severely depleted Dead Sea, which borders both nations
