Israel Land Development Company on:
[Wikipedia]
[Google]
[Amazon]
Israel Land Development Company (ILDC; , ''Hakhsharat HaYishuv'') is one of Israel's largest conglomerates, with fields including real estate, construction, energy and hotels. It was acquired in 1987 by Yaakov Nimrodi.
Encyclopaedia Judaica: Nimrodi
2008 In 2006 Nimrodi signed an agreement to buy out a 20% minority shareholder which valued the company at $172m.
Official website
Map of Haifa by the Palestine Land Development Company, ca.1926.
Eran Laor Cartographic Collection, The National Library of Israel. {{Authority control Conglomerate companies established in 1909 Companies formerly listed on the Nasdaq Companies listed on the Tel Aviv Stock Exchange Real estate companies of Israel Zionist organizations Real estate companies established in 1909 1909 establishments in the Ottoman Empire
Israel Land Development Company (ILDC; , ''Hakhsharat HaYishuv'') is one of Israel's largest conglomerates, with fields including real estate, construction, energy and hotels. It was acquired in 1987 by Yaakov Nimrodi.
History
ILDC was founded in 1909 by the Zionist Federation as the Palestine Land Development Company, or Palestine Land Development Corporation. It was a program of the practicalist movement in earlyZionism
Zionism is an Ethnic nationalism, ethnocultural nationalist movement that emerged in History of Europe#From revolution to imperialism (1789–1914), Europe in the late 19th century that aimed to establish and maintain a national home for the ...
, particularly in the decade before the start of World War I
World War I or the First World War (28 July 1914 – 11 November 1918), also known as the Great War, was a World war, global conflict between two coalitions: the Allies of World War I, Allies (or Entente) and the Central Powers. Fighting to ...
. The PLDC worked to purchasing land, to train Jews in agricultural pursuits, and to establish Jewish agricultural settlements in Palestine
Palestine, officially the State of Palestine, is a country in West Asia. Recognized by International recognition of Palestine, 147 of the UN's 193 member states, it encompasses the Israeli-occupied West Bank, including East Jerusalem, and th ...
. By the outbreak of World War I it had purchased about 50,000 dunam
A dunam ( Ottoman Turkish, Arabic: ; ; ; ), also known as a donum or dunum and as the old, Turkish, or Ottoman stremma, was the Ottoman unit of area analogous in role (but not equal) to the Greek stremma or English acre, representing the amo ...
(about 4600 hectare
The hectare (; SI symbol: ha) is a non-SI metric unit of area equal to a square with 100-metre sides (1 hm2), that is, square metres (), and is primarily used in the measurement of land. There are 100 hectares in one square kilometre. ...
s) of land. It was attempting to purchase nearly 3 times that amount in the Jezreel Valley
The Jezreel Valley (from the ), or Marj Ibn Amir (), also known as the Valley of Megiddo, is a large fertile plain and inland valley in the Northern District (Israel), Northern District of Israel. It is bordered to the north by the highlands o ...
, however the outbreak of the war prevented it from making such a purchase.
It became an Israeli public company in 1953.
Yaakov Nimrodi took control of the company in 1988 with a $26m investment.jewishvirtuallibrary.orgEncyclopaedia Judaica: Nimrodi
2008 In 2006 Nimrodi signed an agreement to buy out a 20% minority shareholder which valued the company at $172m.
Properties owned by ILDC
* Rimonim HotelsReferences
External links
Official website
Map of Haifa by the Palestine Land Development Company, ca.1926.
Eran Laor Cartographic Collection, The National Library of Israel. {{Authority control Conglomerate companies established in 1909 Companies formerly listed on the Nasdaq Companies listed on the Tel Aviv Stock Exchange Real estate companies of Israel Zionist organizations Real estate companies established in 1909 1909 establishments in the Ottoman Empire