Haifa Economic Company

Name

Haifa Economic Company

Legal name

The Economic Company of Haifa Ltd.

Website

https://hec.co.il

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Municipal Economic Development and Real Estate Operations

NAICS

Rental and Leasing Services (532), Fitness and Recreational Sports Centers (713940), Real Estate and Rental and Leasing (53)

SIC

Operators Of Nonresidential Buildings (6512), Non-Operating Establishments (9995)

akta.pro primary industry

Industrial Park Owners Association Management (BPAJAHAH)

akta.pro secondary industries

Venue Facilities, Maintenance & Capital Projects (Engineering, Renovations) (MPAGALAL), Sports & Recreation Facility Construction (Stadiums, Arenas, Community Centers) (IMAFACAI), Space & Occupancy (MAC, Space Planning, Move Management) (BPABAAAG)

Keywords

• Business park leasing
• Urban economic development
• Defense-tech ecosystem
• Municipal energy infrastructure
• Sports venue management

Headquarters

HQ city

Haifa

HQ country

Israel

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Real Estate Leasing: Leasing of commercial office, R&D, and laboratory spaces in business parks to tech and biotech companies.
2. Sports Facility Management: Revenue from Sammy Ofer Stadium events, Galee Haifa memberships, and venue rentals.
3. Energy Sales: Revenue from solar electricity production on public buildings, sold to grid with returns reinvested in community.
4. Tourism Infrastructure: Revenue from tourism facilities, conference center operations, and hospitality development.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

HEC is a municipal economic development corporation that develops, manages and operates large-scale urban infrastructure in Haifa across four divisions: Real Estate (commercial and R&D space in Matam Park and the Science & Hi-Tech Park), Defense-Tech and Investments (Hi-Center innovation and startup funding arm), Energy (municipal photovoltaic generation and an urban energy network with storage and EV charging), and Tourism and Sports Infrastructure (Sammy Ofer Stadium, Gali Haifa sports center, Kiryat Hayim sports park, convention center). It leases space to international tech, biotech and defense-tech tenants, hosts events, sells electricity to the grid and reinvests profits into community projects for Haifa residents.

Product overview

Haifa Economic Company (HEC) is a municipal economic development corporation wholly owned by the Haifa Municipality, founded in 1972. It operates a multi-divisional platform model across four core business lines: (1) Real Estate — managing Matam Park (Israel's largest hi-tech park, ~380,000 sq m, 80 companies, 15,000 employees) and the Science and Hi-Tech Park (~75,000 sq m for R&D, life sciences, and defense-tech); (2) Defense-Tech & Investments — through its Hi-Center subsidiary, funding and accelerating startups in defense-tech, deep-tech, and blue economy; (3) Energy — operating photovoltaic generation on public buildings and developing a city-wide urban energy network with storage and EV charging; and (4) Tourism & Sports Infrastructure — managing Gali Haifa sports center, developing sports parks, and operating Sammy Ofer Stadium (UEFA-standard, ~31,000 seats) through a subsidiary. HEC's model generates revenue from income-producing assets while reinvesting proceeds into municipal development projects for Haifa residents.

Differentiator

Problem solved

Functional benefit

Products and services

• Matam Park (פארק מתם) Israel's largest hi-tech and business park, spanning approximately 380,000 sqm and housing about 80 international companies with approximately 15,000 employees. Leases office, R&D and laboratory space to enterprise technology and biotech tenants, serving as a central growth engine for Haifa's economy.
• Science and Hi-Tech Park (פארק המדע וההייטק) Advanced innovation campus of approximately 75,000 sqm dedicated to R&D, offices and laboratories in hi-tech, life sciences and defense-tech. Leases space to enterprise tenants and serves as a strategic growth hub for technology companies.
• Medical and Employment District (מתחם שירותים רפואיים) Flagship real estate project in northern Haifa to develop an advanced employment district covering approximately 45,000 sqm in its first phase, designed as a central business anchor and urban icon at the city entrance, offering commercial and medical-office space for lease.
• Photovoltaic Electricity Generation (ייצור חשמל פוטו-וולטאי) Municipal solar array generating clean electricity from the rooftops of public buildings. Sells electricity to the grid and reinvests part of the profits into the community, with planned discounted electricity sales to Haifa businesses.
• Gali Haifa Sports Center (מרכז ספורט גלי חיפה) Municipal sports and leisure center managed by HEC, featuring swimming pools, a fitness gym, sports courts and leisure areas, offering family, couple and individual memberships with Haifa resident discounts on summer packages and entry fees.
• Kiryat Hayim Sports Park (פארק הספורט קריית חיים) Municipal sports park developed by HEC for Haifa Municipality on approximately 90 dunams (~20 million ILS investment), featuring football fields, mini-pitch courts and public fitness equipment.
• Sammy Ofer Stadium (אצטדיון סמי עופר) UEFA-standard international stadium with approximately 31,000 covered seats, VIP suites, fan zones and exhibition spaces; managed by HEC subsidiary International Stadium Haifa Ltd. to host sports matches, concerts and large-scale entertainment events on a venue-rental basis.
• Hi-Center Innovation and Investment Platform (הי סנטר) Innovation, investment and entrepreneurship platform operated by HEC subsidiary Hi-Center, funding and accelerating startups in defense-tech, deep-tech and blue economy while connecting startups with industry and academia. Investment vehicle HiCenter Ventures has backed 104+ startups that together raised over $300M.

Quantifiable outcome

• 15,000 employees at Matam Park companies
• +4 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

19 partnerships are on record, tiered core and minor.

• Israch Credit Card (Yisraelcard)coreChannel Partner/ Reseller/ Distributor · 22 June 2021Financial partner for 'Haifa Cashback' program providing 50 ILS cashback on 1,000 ILS purchases at participating Haifa businesses, with 10 million ILS fund over 3 years.
• Issta AppcoreChannel Partner/ Reseller/ Distributor · 22 June 2021Mobile app partner for 'Haifa Cashback' program enabling customer tracking and cashback disbursement to participating businesses.
• Mivneh Group (Madonna)coreStrategic or Co-development PartnerJoint development partner for Science and Tech Park (former Life Sciences Park). Mivneh Group investing 270 million ILS in Phase 2 construction of two 8-story buildings totaling 28,000 sqm plus 24,000 sqm parking.
• Geva YamcoreStrategic or Co-development PartnerManaging partner of Matam Park, jointly developing and managing Israel's largest tech and business park spanning 400,000+ sqm with 80+ international companies.
• Haifa MunicipalitycoreStrategic or Co-development PartnerParent municipal corporation (100% owned by Haifa Municipality) developing urban projects including real estate, energy, tourism, and defense-tech.
• HiCenter VenturescoreStrategic or Co-development PartnerInvestment fund established by HEC and Haifa Municipality. Invested in 104 startups total raising $300M+. Focus areas: AI, energy tech, digital health, foodtech, maritime innovation, and 2026 expansion into defense technologies.
• Mannheim, GermanyminorStrategic or Co-development PartnerSister city partnership (Nordrhein-Westfalen state). German delegation visit post-war to explore business cooperation opportunities.
• China (Sino-Port International)minorStrategic or Co-development PartnerChinese ambassador relations for potential investment opportunities in Haifa development projects.
• HealthILminorStrategic or Co-development PartnerDigital health community partnership, originally initiated by Israeli Innovation Authority and HEC, now supported by Ministry of Economy, Innovation Authority, Ministry of Health.
• InvenTech AcceleratorminorStrategic or Co-development PartnerTech accelerator under HiCenter for startup support and development in Haifa.
• Haifa-Boston Partnership (CJP)minorStrategic or Co-development PartnerInternational partnership for business development, including 300,000 USD donation for employment continuity program for evacuees.
• Mati Haifa (Business Development Center)minorChannel Partner/ Reseller/ DistributorBusiness development services partner for small business support programs.
• WIZOminorChannel Partner/ Reseller/ DistributorPartner in women's business empowerment programs and Haifa Businesswomen Club.
• By Myself OrganizationminorChannel Partner/ Reseller/ DistributorEmployment continuity program partner supporting evacuees returning to workforce.
• Anchor Group (Keren Shemesh)minorChannel Partner/ Reseller/ DistributorSmall business support through mentorship programs and business development assistance.
• China (SIPG Port)minorStrategic or Co-development PartnerChinese investment in Haifa port infrastructure as part of international economic cooperation.
• City of HaifacoreStrategic or Co-development PartnerManaging sports venues including Sammy Ofer Stadium (30,000 seats) and Galee Haifa, plus convention center (24,000 sqm) and tourism infrastructure.
• Matam Park Companies (Intel, Microsoft, Google, Amazon, IBM)coreChannel Partner/ Reseller/ DistributorMajor international tech tenants in Matam Park driving employment and ecosystem development.
• Science Park Tenants (GE Healthcare, Lonza, Sonova, Bio-Rad)coreChannel Partner/ Reseller/ DistributorLife sciences and healthcare technology tenants in Science and Tech Park.

Scale indicators12 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Amot Investments: Amot Investments is an Israeli publicly-traded REIT owning and operating income-producing real estate, including a major tech park portfolio leased to multinational corporates. Comparable as a peer because it generates revenue through long-term leasing of commercial/tech space in Israel, sharing HEC's core business model and tenant type.
• Gav-Yam Land Corporation: Gav-Yam is Israel's largest operator of high-tech business parks, managing Haifa's Matam Park in partnership with HEC as well as Herzliya Pituach, Beer Sheva, and other tech parks. Highly comparable because it directly co-manages HEC's flagship asset and operates similar tech-park leasing models with multinational tenants.
• Airport City Ltd. Airport City is an Israeli company operating a high-tech and business park adjacent to Ben Gurion Airport, leasing office and R&D space to international tech tenants. Comparable as a direct peer because it owns and operates a tech-park leasing platform serving multinational corporates in Israel, similar to HEC's Matam and Science Park.
• Property & Building Corporation (PBC): PBC is an Israeli real estate company focused on commercial properties, offices, and income-producing assets, including holdings in tech and industrial parks. Comparable as a peer because it operates income-generating commercial property portfolios with similar leasing dynamics to HEC's park operations.

Broad incumbents

• Singapore Economic Development Board (EDB): Singapore EDB is a government agency under the Singapore Ministry of Trade and Industry responsible for strategic economic development, FDI attraction, and industry development. Comparable as a broad peer because HEC plays a similar municipal-economic-development role for Haifa, attracting international tech tenants and managing industry clusters.
• Barcelona Activa: Barcelona Activa is the municipal economic development agency of Barcelona, responsible for business attraction, investment promotion, and local economic strategy. Comparable as a peer because, like HEC, it is a government-owned economic-development entity driving urban business growth, startup support, and investment attraction for its city.
• Melisron Ltd. Melisron is an Israeli real estate company with a diversified portfolio of commercial, office, and tech properties. Comparable as a broad incumbent peer because it manages large-scale income-producing real estate in Israel, though with a wider asset mix than HEC's focused tech park and municipal infrastructure model.
• Azrieli Group: Azrieli Group is one of Israel's largest real estate companies, operating office, retail, and tech-oriented real estate nationwide. Comparable as a broad incumbent peer because it develops and leases commercial real estate to corporate tenants across Israel, but with a much wider portfolio and publicly-listed scale.

Others

• JLL Israel: JLL Israel is the local arm of global commercial real estate services firm JLL, providing property management, leasing, and investment advisory for office and tech-park assets. Comparable as an adjacent peer because it supports commercial property leasing and operations in Israel, overlapping with HEC's real estate management function at a service-provider level.
• Mivneh Group: Mivneh Group is an Israeli real estate developer partnering with HEC on the Science and Tech Park Phase 2 (270M ILS investment). Comparable as an adjacent peer because it co-develops the same asset class (tech/business parks) that HEC operates, though its role is construction/development while HEC's is operation and long-term ownership.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Hec.co.il
• LinkedInlinkedin.com/company/haifa-economic-corporation-ltd-

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Haifa Economic Company