State Companies Office promotes liquidation of three corporations

The Office of Public Companies is promoting the liquidation of three public corporations and the integration of their activities into other companies to reduce costs and bureaucracy.

In particular, it is planned to merge the Arim and Dira Leaskir companies in the real estate sector, as well as the inclusion of the defense company Elta in the structure of the Aviation Industry as a department and not a subsidiary, and the integration of the transport infrastructure companies Hotse Israel and Netivei Ayalon, Globes reports.

Arim, established in the 1970s under the Ministry of Construction and Housing, acts as a coordinating body for the development of urban infrastructure, public buildings and residential facilities. The volume of its assets in 2025 is estimated at 2.5 billion shekels. Dira Leaskir, founded in 2013, is engaged in the search for land, the promotion of statutory planning and the sale of residential projects in the long-term lease format.