What Minrav does

Minrav Group Ltd. (TASE: MNRV) is an Israeli construction, infrastructure, and real estate group founded in 1969 by Abraham Kuniczki and headquartered in Tel Aviv. The company operates through five core wholly-owned subsidiaries — Minrav Engineering, Minrav Infrastructure, Minrav Real Estate, Mashav-Ardan Systems (electromechanics), and Minrav Integrated Solutions (IFM) — plus Minrav Concessions and the Minrav Tech | B-tek innovation arm. Its execution footprint spans national-scale civil works (Ben-Gurion Airport Terminal 3, IDF Training Campus, Yad Vashem Museum, Tel Aviv–Jerusalem high-speed rail tunnel), residential development (urban renewal and high-rise projects across Israeli cities), commercial and office construction, ~80,000 sqm of yielding rental assets, and long-cycle PPP concessions including wastewater treatment plants and prisons.

The group generates revenue primarily through project-based construction contracts (one-time/license), residential unit sales, multi-decade PPP concession agreements (managed services), and recurring rental income from yielding assets. Sales are conducted via competitive public tenders and direct negotiated contracts with Israeli government ministries, the IDF, the Israel Airports Authority, the Israel Prison Service, municipalities, and large private developers. Pricing is not publicly disclosed and is determined by project scope, complexity, and duration. Minrav is held by Essence Partners following a 2021/2022 transfer of control aimed at refocusing the business on large-scale Israeli execution; the order backlog stood at approximately 4 billion ILS as of 2024 across 600+ completed projects.

Name

Minrav

Legal name

קבוצת מנרב בע"מ (Minrav Group Ltd.)

Website

https://minrav.co.il

Company type

Public

Founded year

1969

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Minrav Group (TASE: MNRV) is an Israeli construction, infrastructure, and real estate group, founded in 1969, that executes national-scale civil works, residential development, and PPP concessions for the Israeli government and large institutional clients through five operating subsidiaries.

Ownership category

akta.pro rank

Headquarters

HQ city

Tel Aviv

HQ country

Israel

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction Contracting: General contracting services for engineering and construction projects including residential, commercial, industrial, and public buildings. Revenue is generated through project-based contracts with government agencies and private sector clients.
2. Real Estate Development: Residential real estate development including planning, construction, marketing, and sales of housing units domestically and internationally. Revenue recognized upon project completion and unit sales.
3. Concessions and PPP Projects: Public-private partnership projects including design, construction, operation, and maintenance of facilities such as wastewater treatment plants, prisons, and transportation infrastructure. Revenue generated through long-term concession agreements with government entities.
4. Yielding Assets: Rental and management of commercial and industrial properties totaling approximately 80,000 square meters. Ongoing rental income from office, commercial, and industrial spaces.
5. Electromechanical Systems: Through subsidiary Mashav-Ardan Systems, provides HVAC, refrigeration, electrical, and plumbing services for commercial and industrial projects. Revenue from project-based contracts and ongoing service relationships.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Minrav is an Israeli construction, infrastructure, and real estate group that provides general contracting, engineering, and concession services for national infrastructure projects (airports, railways, tunnels, bridges), public and commercial buildings, residential developments, and electromechanical systems. The company operates through subsidiaries covering engineering, infrastructure, real estate development, yielding assets, integrated solutions, and PPP/concession projects, with a project backlog of approximately 4 billion ILS and 600+ completed projects across Israel.

Product overview

Minrav is a leading Israeli construction, infrastructure, and real estate group established in 1969, operating through multiple subsidiaries and business units. The core offerings include: Minrav Engineering (construction contracting), Minrav Infrastructure (large-scale infrastructure projects), Minrav Real Estate (residential development and sales), Minrav Yielding Assets (property management leasing ~80,000 sqm), Mashav-Ardan Systems (electromechanical/HVAC/BMS/plumbing), Minrav Integrated Solutions, and Minrav Concessions (PPP projects). The group manages a project backlog in the billions of shekels with 600+ projects completed, serving government, public, and private sector clients across national projects, public buildings, residential construction, commercial/office, infrastructure, and electromechanical domains.

Differentiator

Problem solved

Functional benefit

Products and services

• Minrav Engineering (מנרב בנייה) Engineering and construction division leading complex projects across residential, defense, office, industrial, commercial, campus, and special-use buildings for government and private sector clients in Israel.
• Minrav Infrastructure (מנרב תשתיות) Planning and construction of national and municipal infrastructure projects including railways, airports, seaports, bridges, roads, and tunnels for government and public sector clients.
• Minrav Real Estate (מנרב נדל"ן) Residential real estate development including planning, construction, marketing, and sales, with a leading role in urban renewal and thousands of residential units built domestically and internationally.
• Minrav Yielding Assets (נכסים מניבים) Management and leasing of office, commercial, and industrial properties totaling approximately 80,000 square meters, generating ongoing rental income.
• Mashav-Ardan Systems (משב-ארדן מערכות) Electromechanical systems provider delivering complex HVAC, chilling, electrical, plumbing, and BMS (building management systems) projects for commercial and industrial clients nationally and internationally.
• Minrav Concessions (זכיינות) National pioneer in concessions and public-private partnerships (PPP), providing financial strength, execution expertise, and operational management for planning, financing, execution, and operation of long-term infrastructure projects.
• Minrav Integrated Solutions (מנרב פתרונות משולבים / Minrav IFM) Integrated solutions subsidiary offering combined engineering and project management services for complex projects.

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Danya CebuscoreStrategic or Co-development PartnerJoint venture partnership for construction projects, specifically noted for the Beer Sheva Prison project. Minrav and Danya Cebus collaborated on this PPP prison facility construction.
• AlstomcoreStrategic or Co-development PartnerPartnership with Alstom and Electra for the Nofit Light Rail project connecting Haifa to Nazareth. The consortium will handle planning, construction, supply, installation of railway systems, and operation and maintenance for approximately 25 years.
• ElectracoreStrategic or Co-development PartnerPartnership with Alstom and Electra for the Nofit Light Rail project connecting Haifa to Nazareth. Part of a consortium handling design, construction, systems installation, and 25-year operation/maintenance.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Bouygues Construction: Large international construction group active in building, civil works, and PPP concessions; comparable integrated capability but at much larger global scale than Minrav.
• ACS Group / Hochtief: Global infrastructure and construction incumbents with significant concessions and PPP portfolios; comparable end-to-end model (design-build-operate-maintain) but operate at vastly larger scale than Minrav.
• VINCI Construction: Global construction and concessions heavyweight operating across infrastructure, buildings, and PPPs; broader portfolio than Minrav but a comparable model of combining general contracting with long-duration concessions.

Direct peers

• Africa Israel Investments: Israeli conglomerate historically active in construction and real estate; comparable operating model combining contracting with real estate development in the Israeli market.
• Shikun & Binui: One of Israel's largest construction and real estate groups with overlapping activities in infrastructure, residential development, and concessions; competes with Minrav on the same Israeli tenders and PPP projects.
• Electra: Israeli construction and infrastructure conglomerate; also a Minrav partner on the Nofit LRT PPP, and a direct competitor in Israeli building, infrastructure, and electromechanical projects.
• Danya Cebus: Israeli general contractor with similar scope in residential, commercial, and PPP projects; partnered with Minrav on Beer Sheva Prison and competes on similar public tenders.
• Ashtrom Group: Israeli construction and real estate group active in residential, commercial, and infrastructure, including PPPs; competes head-to-head with Minrav for Israeli project tenders and urban-renewal mandates.
• Housing & Construction Holdings (Arison Group): Long-standing Israeli construction and real estate company with residential and commercial exposure comparable to Minrav Real Estate and Minrav Engineering.
• Shapir Engineering and Industry: Major Israeli infrastructure and real estate developer with strong position in national infrastructure projects (roads, rail, airports), directly comparable to Minrav Infrastructure's portfolio and public-tender strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

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

M&A

Investments2 records

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

Frequently asked questions about Minrav