Israel_Land_Development_Company

Israel Land Development Company

Israel Land Development Company

Israeli conglomerate founded in 1909

Israel Land Development Company (ILDC; Hebrew: הכשרת הישוב, Hachsharat HaYishuv') is one of Israel's largest conglomerates, with fields including real estate, construction, energy and hotels.[1][2] It was acquired in 1987 by Yaakov Nimrodi.[1]

Quick Facts Company type, Traded as ...
Head office in Tel Aviv

History

ILDC was founded in 1909 by the Zionist Federation as the Palestine Land Development Company, or Palestine Land Development Corporation.[3] It was a program of the practicalist movement in early Zionism, particularly in the decade before the start of World War I. The PLDC worked to purchasing land, to train Jews in agricultural pursuits, and to establish Jewish agricultural settlements in Palestine. By the outbreak of World War I it had purchased about 50,000 dunam (about 4600 hectares) of land. It was attempting to purchase nearly 3 times that amount in the Jezreel Valley, however the outbreak of the war prevented it from making such a purchase.

It became an Israeli public company in 1953.[1]

Yaakov Nimrodi took control of the company in 1988 with a $26m investment.[4] In 2006 Nimrodi signed an agreement to buy out a 20% minority shareholder which valued the company at $172m.[5]

Properties owned by ILDC

  • Rimonim Hotels[6]

References

  1. [1]
    "Archived copy". Archived from the original on 2012-06-22. Retrieved 2012-09-04.{{cite web}}: CS1 maint: archived copy as title (link)
  2. [2]
    BusinessWeek, Israel land development co (ILDC:Tel Aviv)
  3. [3]
    Laqueur, Walter. A History of Zionism. (Chicago: Holt, Rinehart and Winston, 1972) p. 153
  4. [4]
    jewishvirtuallibrary.org, Encyclopaedia Judaica: Nimrodi, 2008
  5. [5]
    Ora Coren and Shlomy Sheffer, Haaretz, 31 December 2006, Nimrodi buys out Ilan Ben Dov's 20% share of ILDC and gains sole control
  6. [6]
    "Rimonim Hotels - About us". www.rimonimhotels.com. Retrieved 21 August 2022.
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