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.