The construction sector has posted slower growth since 2002, with capital formation of roughly NIS 38.3 billion in 2005 vs. an average of NIS 44.5 billion between 2000 and 2003. It accounts for 8 percent of GDP, vs. 14 percent ten years earlier. Investment came to about $9.8 billion in 2005. The State, which has been gradually disengaging from civil engineering and public construction since 1995, will give the sector a boost by launching an ambitious infrastructure programme over the next five years. Future building sites in fact relate more to industry and commerce than infrastructure, but there are also prospects in the residential sector, particularly renovation and restoration of old flats.

There are not many Israeli construction companies, but the few that exist are rather powerful, of international dimensions. Local production of equipment for public works is almost non-existent and the sector relies on massive imports. Equipment is very often leased, and this too could be an attractive opportunity for foreign companies.

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