Introduction
The Israel Corporation is one of the largest holding companies in Israel. It was established in the late 1991 and is presently owned by Ofer family, a well-known family in Israel. The companys main activities are in different fields such as energy, chemicals, shipping and logistics, and infrastructure. Its portfolio companies include Israel Chemicals, Zim Integrated Shipping Services, Brazil Petrochemical Industries, TowerJazz Semiconductors, and the Shapir Group, among other private and public enterprises. The company holds numerous investments in various industries throughout the world. It also has major investments in some of Israels largest companies including Bank HaPoalim and El Al Airlines.
The Israel Corporation has also been involved in significant investments in US-based businesses, such as its investments in the Boston Consulting Group and Microsofts Israel Branch. The Israel Corporation is also involved in numerous high-tech projects around the world. For example, only recently it has signed a deal to be involved in the construction of the worlds largest photovoltaic power plant in the Negev desert in Israel.
The Israel Corporations Impact on the Economy
The Israel Corporations investments in different sectors have played a key role in the countrys economic growth during the past two decades. In particular, its investments in the energy sector have been of crucial importance, as it has helped to reduce the countrys dependency on foreign imports for oil and other energy sources. The companys investments in the chemical industry have also brought increased efficiency and cost savings to the industry, allowing it to stay competitive with other chemical companies in the global market.
Furthermore, the Israel Corporations investments in the transportation, logistics, and infrastructure sectors have led to better working conditions, job opportunities, and improved services. By providing employment opportunities to local residents, the Israel Corporation has played a vital role in developing the countrys economy. Moreover, its involvement in the high-tech industry has resulted in the emergence of numerous start-up companies and technology projects, which have created jobs, attracted foreign capital and increased the countrys technology prowess.
Conclusion
Overall, the Israel Corporation has played an important role in the economy of the country, especially in the last two decades. Its investments have allowed the countrys industries to become more efficient, cost-competitive, and have created employment opportunities. Furthermore, its involvement in the energy and technology sectors has also had a positive effect, allowing the country to become more dependent on its own resources and become an attractive destination for foreign investments. Its successes have clearly demonstrated the companys value and importance to the Israeli economy.
