Israel Active

Israel’s Shikun u'Binui subsidiary Solel Boneh International Ltd. has won a $210 million contract to build a 2.1-kilometer bridge over Nigeria’s Benue River and build 22 km access roads for the four-lane dual carriageway in eastern Nigeria. Construction will take three years.

The Israeli engineering and energy company, Ludan, is sharing with a Dutch company, the build of a two-megawatt biogas power plant in the Netherlands. Construction will take eight months. Ludan Energy then has a 12-year franchise to operate the plant at guaranteed and subsidized rates.

Israel Corporation has bought 75% of Chilean power company Central Tierra Amarilla SA including its 155 MW power station. IC Power already owns power stations producing 3,000 megawatts in seven countries: Peru, Bolivia, Chile, Panama, El Salvador, Jamaica, and the Dominican Republic.

DSIT Solutions has won a NIS 45 million deal to supply, install and build infrastructure for its AquaShield sonar system for a government oil company in an undisclosed Asian country.

Florida Governor Rick Scott brought a delegation of 30 businessmen with him to the "Globes" Israel Business Conference.

Israel's Catalyst Investments and Shanghai-based OneGate Capital are setting up two joint venture China Israel Technology Funds. The funds will focus on clean-tech, agritech, advanced manufacturing, next generation IT, and other sectors where Israeli companies outperform.

Amdocs Ltd. will supply its network inventory management systems to UK quad-play provider Virgin Media Ltd. The company did not disclose the size of the deal, but market sources estimate it at $10-20 million.

316,000 tourists arrived in Israel in November 2011, 2% up from the corresponding month of 2010, and the highest ever number of tourists for any November. The Ministry of Tourism is to invest NIS 50 million of a NIS 270 million project to build and renovate hotels in the country.

Jerusalem hotels Inbal (4th) and David Citadel (7th) were voted into the top 10 best hotels in the Middle East by Conde Nast Traveller and described as being among the ”pinnacles of luxury” – for those who can afford it. Both hotels won most praise for location, design and food.

Experts estimate that the offshore Yam Hadera field has a best estimate of gross recoverable reserves of 133 million barrels of oil and 1.4 trillion cubic feet (TCF) of natural gas. The license owner held an exceptional news conference “since the results from Yam Hadera are very significant.”