Economic Development Company Ltd. Ramat-Gan

What Economic Development Company Ltd. Ramat-Gan does

Economic Development Company Ltd. Ramat-Gan is a private limited company wholly owned by the Ramat Gan Municipality, functioning as the central municipal execution arm for urban development across the city. Reactivated in 2016 by Mayor Israel Zinger after years of inactivity, it manages planning, construction, and development of public infrastructure including schools, parks, public buildings, roads, and community facilities, and oversees two dedicated units: the Urban Renewal Administration (TAMA 38 and evacuation-construction), established in 2017 in partnership with the Ministry of Construction and Housing, and the Bourse Administration, which manages the Ramat Gan Stock Exchange district.

The company operates through four divisions — Engineering, Finance and Contracts, Business Development, and Urban Management — and runs an active tender and DBOT (Design-Build-Operate-Transfer) program that has reportedly delivered more than 100 projects. Its core service lines include public construction and development, asset management of revenue-generating municipal properties, entrepreneurship initiatives that monetize underutilized city assets, urban renewal administration, Bourse district operations, the Solar Roofs green energy initiative, and participation in the regional Tel-O-Fun bike-sharing system. Strategic partners include the Ministry of Construction and Housing, the Israel Land Authority, Mekorot Water Company, and private operators such as Smart Parking and IPI.

The business model is municipal: revenue derives from public construction budgets, government allocations, public tenders, DBOT concessions, and income generated from municipal real estate assets — parking facilities, commercial leasing, and joint developments — rather than from commercial product sales. The sole end-customer is the Ramat Gan Municipality and, by extension, its residents; the Mayor serves as Chairman and the board is composed of city officials and public representatives. There are no external private equity, venture, or strategic investors, and no publicly traded equity.

Name

Economic Development Company Ltd. Ramat-Gan

Legal name

החברה הכלכלית לפיתוח רמת גן בע"מ

Website

https://calcalit-rg.co.il

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Economic Development Company Ltd. Ramat-Gan is the wholly municipal-owned execution arm of the Ramat Gan Municipality, delivering public construction, urban renewal, Bourse district management, and asset monetization across the city.

Ownership category

akta.pro rank

Product category

Municipal Urban Development Services

NAICS

Administration of Urban Planning and Community and Rural Development (925120), Utility System Construction (2371), Solar Electric Power Generation (221114)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Public Works & Municipal Infrastructure (Streets, Stormwater, Facilities) (BPAIACAF)

Keywords

• Municipal urban development
• Public construction services
• Urban renewal management
• Municipal asset management
• DBOT concession projects

Headquarters

HQ city

Ramat Gan

HQ country

Israel

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Others

Revenue model

1. Public Construction and Development: The company serves as the municipal execution arm for planning, construction, and development of public infrastructure including schools, parks, roads, and community facilities. Revenue is generated through municipal budgets, government allocations, and public tenders.
2. Business Development and Asset Management: Identification and exploitation of profitable business opportunities in municipal lands and properties to generate revenue and equity for continued city development, including parking facilities, commercial leasing, and DBOT projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

The Economic Development Company Ltd. Ramat-Gan is a wholly municipal-owned execution arm of Ramat Gan city government. It plans, develops, and constructs public infrastructure (schools, parks, public buildings, roads, drainage) and operates commercial and administrative units including the Urban Renewal Administration and the Bourse Administration. It also identifies and exploits business opportunities on municipal lands through DBOT (Design-Build-Operate-Transfer) projects, parking operations, commercial leasing, and the Solar Roofs green energy initiative, generating revenue for continued city development.

Product overview

Economic Development Company Ltd. Ramat-Gan is a municipal-owned company functioning as the central operational arm of Ramat-Gan municipality. The company operates a portfolio of urban development services organized into four main divisions: Engineering (public construction and development), Finance and Contracts, Business Development, and Urban Administration Management. Core offerings include public construction projects (schools, parks, municipal buildings), urban renewal administration (established 2017 for Tama 38 and demolition-reconstruction), Bourse district management, asset management for revenue-generating municipal properties, and entrepreneurship initiatives. The company also leads the solar roofs green energy initiative and operates bike sharing infrastructure. The structure is a unified municipal services platform rather than a modular software product architecture.

Differentiator

Problem solved

Functional benefit

Products and services

• Public Construction and Development (פיתוח ובניה ציבורית) The company's primary operational arm executing public construction projects including schools, parks, public buildings, roads, drainage, and sewage infrastructure across Ramat-Gan municipality for the benefit of city residents.
• Urban Renewal Administration (מנהלת התחדשות עירונית) Established in 2017 under the company's umbrella, this division promotes and manages urban renewal projects including building reinforcement (TAMA 38) and demolition-reconstruction (פינוי-בינוי) initiatives for the city's benefit, in partnership with the Ministry of Construction and Housing.
• Bourse Administration (מנהלת הבורסה) Manages the Ramat-Gan Bourse business district, handling operations, cleanliness, traffic regulation, development, marketing, branding, and community relations for one of Israel's premier business neighborhoods.
• Asset Management (ניהול נכסים) Develops and enhances municipal properties with business potential to generate rental income and establish revenue-generating projects for the municipality and company, including commercial leasing and property development.
• Entrepreneurship and Business Development (יזמות) Identifies and develops projects based on underutilized municipal assets and resources to create direct and indirect revenues for the municipality, including DBOT (Design-Build-Operate-Transfer) projects and new venture creation.
• Solar Roofs Initiative (גגות סולאריים) Company-led green energy initiative promoting solar panel installations across the city, with projects at various school buildings to advance sustainability and reduce municipal energy costs.
• Public Bike Sharing (Tel-O-Fun) Operates part of the Tel-O-Fun bike sharing system connecting Ramat-Gan with Tel Aviv, Givatayim, and Bat Yam, with 10 rental stations across the city.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered minor and core.

• Menora Mibtahim Insurance Company Ltd. (חברת מנורה מבטחים ביטוח בע"מ)minorOthersMenora Mibtahim Insurance Company won the tender issued by the Economic Development Company for a temporary authorization to use a municipal lot on Hayozma Street in the Stock Exchange district as a private parking lot, pending the selection of a DBOT winner for the public project.
• IPIminorOthersIPI operates the temporary parking lot on Hayozma Street with 32 parking spaces, managed by the Economic Development Company on city-owned land pending future development.
• Ministry of Construction and Housing (משרד הבינוי והשיכון)coreStrategic or Co-development PartnerThe Ministry of Construction and Housing partnered with the municipality and the company in establishing the Urban Renewal Management Unit in 2017, under the company's umbrella, to promote urban renewal processes (TAMA 38 and evacuation-construction).
• Israel Land Authority (רמ"י - רשות מקרקעי ישראל)coreStrategic or Co-development PartnerThe company operates in full cooperation with Israel Land Authority, the Ministry of Construction and Housing, regional planning bureaus, and the Ministry of Interior on urban development projects.
• Mekorot Water Company and Ramat Gan Water Corporation (תאגיד מי רמת גן)minorStrategic or Co-development PartnerJoint infrastructure projects including drainage and sewage system upgrades as part of public development works in the Stock Exchange district.

Scale indicators2 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Rishon LeZion Municipal Economic Company (החברה הכלכלית ראשון לציון): Another Israeli municipality's wholly-owned economic development company handling public construction, urban renewal, and asset management—same template as Ramat Gan's entity, differing only by city size and project mix.
• Herzliya Municipal Economic Company (החברה הכלכלית הרצליה): City-owned economic/development entity managing public construction, urban renewal, and municipal asset projects in Herzliya—comparable in scope, governance structure, and reliance on a single municipality as anchor customer.
• Jerusalem Development Authority (רשות מקרקעי ירושלים / החברה לפיתוח ירושלים): Government-affiliated body that plans and executes large-scale urban development, public infrastructure, and housing projects on behalf of the Jerusalem municipality—same municipal execution mandate as the subject company, though operating at a larger scale.
• Economic Company for the Development of Tel Aviv-Jaffa (החברה הכלכלית לפיתוח תל אביב-יפו): Wholly-owned municipal economic development arm of Tel Aviv-Yafo, performing the same role as the subject: executing public construction, urban renewal, asset management, and entrepreneurship on city-owned land. Direct functional peer in Israel's municipal development company landscape.

Broad incumbents

• Israel Land Authority (רשות מקרקעי ישראל): National government body that manages state lands, partners with municipalities on large development agreements (including the 2019 mega-agreement with the subject company), and oversees planning processes—comparable function at national scale rather than single-city scale.
• Shikun & Binui Holdings: One of Israel's largest real estate and infrastructure developers, active in urban renewal, residential construction, and public infrastructure—comparable in urban-renewal and public-project activity, though operating commercially across multiple cities rather than for a single municipality.
• Ashtrom Group (קבוצת אשטרום): Diversified Israeli infrastructure and real estate group active in residential development, public construction, and urban renewal—overlapping with the subject company's project portfolio, though operating as a commercial conglomerate rather than a municipal arm.

Regional players

• Gav-Yam (גב-ים): Israel's largest office and business-park operator, managing premier business districts including areas near the Ramat Gan Bourse—comparable as the operator of high-value commercial real estate that the subject company's Bourse Administration oversees.

Others

• Ministry of Construction and Housing (משרד הבינוי והשיכון): Israeli government ministry that co-funds urban renewal, public housing, and municipal development projects—core strategic partner of the subject company and a key counterparty shaping its project pipeline.

Emerging players

• Tidhar Group (קבוצת תדהר): Israeli construction and urban renewal developer involved in TAMA 38 and evacuation-reconstruction projects in Ramat Gan and other cities—comparable as a private-sector counterpart delivering the urban renewal pipeline that the subject company's Urban Renewal Administration coordinates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/economic-development-company-ltd.-ramat-gan

Revenue estimate

Valuation estimate

Number of profiles

Profiles28 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 Economic Development Company Ltd. Ramat-Gan