What The Karmiel Economic Company does

The Karmiel Economic Company Ltd is a municipal corporation wholly owned by the City of Karmiel, Israel, founded in 1977 to develop the city's economy and employment base. It manages the Karmiel Industry Park — over 2,000 dunams with 600,000 sqm of built space, hosting 200+ factories and 8,000+ workers, including tenants such as Elbit Systems, TDK Lambda, Strauss-Elite, Keter Plastic, and Opgal. The company markets and allocates industrial land plots (2-55 dunams), administers public tenders for works, infrastructure, and rentals, and provides an end-to-end Developer Dossier program for factory establishment. It also owns and operates a portfolio of municipal assets: a covered City Market with approximately 100 stalls (established 1988), the Urban Shooting Range (operated through Caliber 3 Ltd, with 24 shooting lanes, a security training school, and retail), and rental commercial properties across the city. The company functions as the execution arm of the City of Karmiel for economic development and infrastructure projects.

Its revenue derives from four streams: recurring rental income from shops, offices, and warehouses; one-time land plot sales and allocations to industrial developers; transaction-based fees from public tender administration; and managed services revenue from shooting range operations through Caliber 3. Pricing on rental properties is not publicly disclosed and is allocated through periodic public tenders, with Ministry of Economy-approved factories eligible for direct land allocation without tender under Israel's Priority Area A designation. Capital is augmented by Ministry of Economy infrastructure budgets and BOT project structures (e.g., Maccabi House).

Active development projects include the 42-dunam Wadi Park (six buildings, 18,000 sqm for hi-tech, light industry, and offices), the HUB innovation and coworking space, the completed ~NIS 7M hydrotherapy pool, public accessibility upgrades, and building reinforcement works, all aligned with the city master plan target of 100,000 residents and a working university by 2030.

Name

The Karmiel Economic Company

Legal name

החברה הכלכלית לכרמיאל בע"מ

Website

https://karmiel.biz

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

251–500 employees

Short description

The Karmiel Economic Company is a municipal corporation, owned by the City of Karmiel, Israel, that develops and manages the Karmiel Industry Park, allocates industrial land, administers public tenders, operates the city market and Caliber 3 shooting range, and serves industrial manufacturers, developers, and municipal institutions across Northern Israel.

Ownership category

akta.pro rank

Product category

Industrial Property Management and Municipal Development

NAICS

Management of Companies and Enterprises (55111)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Industrial Park Owners Association Management (BPAJAHAH)

akta.pro secondary industry

Asset & Lifecycle Management (CapEx Planning, Reliability) (BPABAAAI)

Keywords

• Industrial park management
• Land allocation services
• Municipal property leasing
• Public tender administration
• Infrastructure development

Headquarters

HQ city

Karmi'el

HQ country

Israel

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Personnel, Others

Revenue model

1. Rental Property Income: The company owns and manages a portfolio of rental properties including shops, offices, and warehouses in the industrial zone and commercial centers throughout Karmiel. Properties are allocated through periodic public tenders. Revenue is recurring from multiple tenants across commercial and industrial property types.
2. Industrial Zone Land Sales and Allocations: The company markets and allocates industrial land plots (2–55 dunams) to developers and factory operators. Revenue derives from land plot sales and allocations, with some plots pre-developed and ready for immediate use. Government-approved factories may receive land allocation without tender.
3. Public Tender and Project Management Fees: The company publishes and manages tenders for works, infrastructure projects, rental properties, earthworks, and construction. Revenue is generated through the administration and execution of public tenders and municipal projects.
4. Urban Shooting Range Operations: The company operates the urban shooting range through Caliber 3 Ltd, generating revenue from shooting lane rentals, firearms and ammunition sales, security training courses, firearm permit renewals, competitive shooting, personal training, and self-defense classes.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

The Karmiel Economic Company is a municipal corporation that develops, markets, and rents properties in the City of Karmiel. It develops and manages the Karmiel Industry Park (over 2,000 dunams, 600,000 sqm built space, 200+ factories), allocates industrial land plots of 2–55 dunams, and rents shops, offices, and warehouses. It operates the City Market, the urban shooting range through subsidiary Caliber 3 Ltd, publishes public tenders, and executes municipal infrastructure and accessibility projects.

Product overview

The Karmiel Economic Corporation operates as a municipal corporation managing a diverse portfolio of urban development services and projects. The core offerings include rental property management (shops, offices, storage), the City Market operation, and the Urban Shooting Range. The Industrial Park development and land allocation services represent major business lines, supporting over 200 factories. Key infrastructure projects include the Wadi Park development and various public accessibility and building reinforcement initiatives. The company also operates the HUB coworking space and partners with Maof (SBA) for business development services. The portfolio comprises both operational services (market, shooting range, properties) and development projects (industrial zone expansion, public facilities).

Differentiator

Problem solved

Functional benefit

Products and services

• Rental Properties Management Management and rental of municipal properties including shops, offices, and storage spaces located in the city center and industrial zone of Karmiel. Properties are allocated through public tenders to businesses and tenants.
• City Market A covered municipal market with approximately 100 stalls arranged by trade type, operating Mondays and Thursdays with fruits, vegetables, clothing, housewares, and second-hand goods. Includes adjacent parking. Operated by the Economic Company for vendors and shoppers.
• Urban Shooting Range (Caliber 3) A fully equipped shooting range with 24 lanes for pistols, air guns, cadet rifles, and hunting rifles, including a firearms and ammunition shop, security training school, police-supervised courses, and competitive shooting programs. Personal training sessions, self-defense, Krav Maga, and pepper spray classes are also offered. Operated through Caliber 3 Ltd.
• Industrial Park Development and Land Allocation Development, marketing, and ongoing management of the Karmiel Industry Park, including land plot sales and allocations to industrial developers and manufacturers. Plots of 2-55 dunams are available, some with pre-developed infrastructure for immediate allocation. Government-approved factories may receive land allocation without tender.
• Public Tender Management Publishing and managing tenders for property rentals, earthworks, infrastructure development, and construction projects according to public sector procurement regulations. Vendors and contractors are selected through the tender process.
• Developer Dossier Program Comprehensive support for developers through all stages of planning and land development, providing detailed documentation, downloadable forms (environmental questionnaires, land allotment guidelines, flowcharts, development agreements), and personal guidance throughout the land allocation process.
• Business Promotion Services (Maof Partnership) Support for business cooperation and partnerships between industrial entities, including subsidized consulting, training courses, and financing assistance through the Maof small-business network. Offers initial business mapping, consulting (strategy, marketing, finance, sales, operations, IT), the 'Initiators to Business' 70-hour course, and financing assistance.
• Maccabi House (BOT Healthcare Facility) Healthcare facility built as a BOT (Build-Operate-Transfer) project for Maccabi Health Maintenance Organization (Maccabi Health Fund), to be transferred to city ownership upon contract completion.
• Therapeutic Pool (Hydrotherapy) Hydrotherapeutic pool facility developed by the Economic Company at a cost of approximately 7 million ILS, designed to meet health insurance and Ministry of Defense standards for rehabilitation services. Funded by a donation from Mrs. Ilza Gluckshtat, Ministry of Culture and Sports, and Karmiel Municipality.
• HUB Innovation and Coworking Space Innovation and coworking space in the industrial zone, designed to foster industry collaboration and Industry 4.0 practices. The Economic Company has proposed TDK's involvement in the HUB and the industrial forum.

Quantifiable outcome

• 8,000+ workers employed in the industrial park across 200+ factories and workshops
• +4 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Caliber 3 Ltd (קליבר 3 בע"מ)coreOthersThe company operates the Karmiel Urban Shooting Range (School for Security and Counterterrorism) through Caliber 3 Ltd. The range features 24 shooting lanes, a firearms and ammunition shop, security training school, police-supervised courses, and competitive shooting programs. Personal training, self-defense, Krav Maga, and pepper spray classes are also offered. The shooting range is considered one of Israel's finest facilities.
• Maof — Small and Medium Enterprises Agency (מעוף — הסוכנות לעסקים קטנים ובינוניים)coreStrategic or Co-development PartnerMaof is the national field system of the Israel Small and Medium Enterprises Agency under the Ministry of Economy. The Karmiel branch serves the local business and entrepreneur community with subsidized services including initial business mapping, individual consulting (strategy, marketing, finance, sales, operations, IT), the 'Initiators to Business' 70-hour course, training programs, and financing assistance. The Economic Company integrates Maof services into its business promotion activities.
• Ministry of Economy (משרד הכלכלה)coreStrategic or Co-development PartnerThe Ministry of Economy provides infrastructure budget allocations for the industrial park's development and administers government incentives (Priority Area A classification, investment grants, tax breaks) available to factories in Karmiel. Factories authorized by the Ministry may receive land allocation without tender.
• Israel Land Authority / Rural Settlement Division (רשות מקרקעי ישראל / מנהל הנדסה)coreStrategic or Co-development PartnerThe Israel Land Authority (through its Rural Settlement Division) collaborates with the Economic Company on land allocation procedures, development agreements, and the land allotment process for industrial zone developers.
• Ministry of Labor Employment Service (שירות התעסוקה הישראלי)minorStrategic or Co-development PartnerThe Israeli Employment Service operates a regional vocational training center in Karmiel, providing professional training programs that support the industrial zone's workforce supply.
• Rogat Engineering (רוגת הנדסה)minorStrategic or Co-development PartnerRogat Engineering is an advanced manufacturing company in Karmiel's industrial zone. The Economic Company toured the facility, explored joint training programs and technology competitions, discussed collaborative robotics and AI initiatives, and is facilitating the company's land allocation process for a new independent factory building.
• Flying Cargo (פליינג קרגו)minorStrategic or Co-development PartnerFlying Cargo operates one of Israel's largest logistics centers in Karmiel's eastern industrial zone — approximately 30,000 sqm of advanced warehouses. The Economic Company is advocating for improved public transportation access to the facility for the benefit of employees and supply chain operations.
• Peles (פלסן)minorStrategic or Co-development PartnerPeles Karmiel is a unique facility specializing in armor plating for off-road and military vehicles. The Economic Company toured the facility, reviewed its operations across Israel and globally, and is facilitating the company's land allocation for a new independent factory.
• Karmchroom (כרמוכרום)minorStrategic or Co-development PartnerKarmchroom is a leading metal processing, surface treatment, painting, cutting, and coating company in the Karmiel industrial zone. The Economic Company plans to include Karmchroom in a new industrial forum of Karmiel's leading manufacturers, to be led by industry leaders monthly.
• Microkeramika (מיקרוקרמיקה)minorStrategic or Co-development PartnerMicrokeramika's new factory in Karmiel is under advanced construction and is being professionally accompanied by the Economic Company at every stage of construction and land development with the Ministry of Economy and Israel Land Authority. The factory is designed as a benchmark Industry 4.0 smart facility, fully networked with advanced computing and data screens feeding a 24/7 central operations hub.
• TDK Lambda Corporation (TDK למבדא)minorStrategic or Co-development PartnerTDK Lambda is a major manufacturing facility in Karmiel operating since the 1970s, now Japanese-owned and part of a conglomerate valued at over $12 billion. The company specializes in electromagnetic compatibility, aerospace power supplies, hybrid vehicle machinery, and electric motors. It is expanding with a new activity center and additional facility in Karmiel. The Economic Company proposed TDK's involvement in the new HUB and the industrial forum, and discussed Industry 4.0 productivity initiatives.
• Ort Braude Academic Engineering College (המכללה האקדמית להנדסה אורט בראודה)coreStrategic or Co-development PartnerThe Ort Braude Academic Engineering College in Karmiel trains engineers, practical engineers, and technicians, providing a skilled workforce pipeline for the industrial zone. The college is a key element of Karmiel's value proposition for attracting manufacturers to the region.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Prologis: Global industrial REIT operating logistics and industrial parks serving manufacturers and distributors. Comparable as the global benchmark for industrial park ownership, leasing, and tenant services, providing capital-markets reference for the Economic Company's industrial park economics.
• SEGRO: UK-listed industrial REIT focused on industrial and logistics property across Europe. Comparable as a large-scale publicly-traded operator of industrial parks with similar tenant mix (manufacturers, light industry, logistics users).
• Goodman Group: Global industrial real-estate group operating industrial parks and logistics facilities worldwide. Comparable as an institutional-grade operator of industrial parks serving manufacturers, providing a publicly-traded reference asset for the Economic Company's industrial park portfolio.
• Melisron: Largest Israeli commercial real-estate company, operating office buildings, retail, and industrial properties. Comparable as a large established owner-operator of Israeli commercial real estate; broader scope but overlapping tenant base and asset-class focus.
• Israel Land Authority: Government authority that administers state land in Israel and collaborates with the Karmiel Economic Company on land allocation procedures and development agreements in the industrial zone. Comparable as the regulatory counterparty for industrial-park land economics across Israel.

Direct peers

• Ampa Group: Israeli real-estate developer active in residential, commercial, and industrial property. Comparable as another domestic Israeli developer that develops and leases industrial/business park space, targeting enterprise tenants in Israel's industrial zones.
• Azorim Properties: Israeli real-estate developer focused on commercial and industrial property leasing. Comparable as a domestic Israeli player developing and leasing industrial/business park space to enterprise tenants, with overlapping target geographies in Israel's periphery.
• Modi'in Economic Corporation: Municipal economic corporation for the city of Modi'in-Maccabim-Re'ut. Comparable as another Israeli municipal economic corporation with parallel functions: developing and operating municipal commercial real estate, industrial zones, and public development projects on behalf of the city.
• Lod Economic Company: Israeli municipal economic corporation operating the city of Lod's industrial and commercial real estate. Comparable as a direct Israeli municipal economic corporation peer running an industrial park, managing municipal rental properties, and executing public tenders under a similar legal/governance structure.
• Be'er Sheva Municipal Economic Company (Rashi): Israeli municipal development corporation promoting Be'er Sheva as a high-tech and industrial hub. Comparable as another Israeli municipal entity with the same mandate: industrial-park development, tenant attraction via national incentives, and diversified municipal real-estate operations.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries2 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 The Karmiel Economic Company