IAI Establishes New Factory in Ofakim

The new factory will open at a NIS 50 million investment and employ some 80 workers

Photo credit: IAI

Last Wednesday, the board of directors of Israel Aerospace Industries (IAI) approved a proposal by the company's CEO, Amir Peretz, to establish a new factory in the city of Ofakim.

In the new factory IAI, together with its subsidiary, Eltel, will invest a sum of approximately NIS fifty million, with an expected employment of around 80 workers.

The decision to invest in the city of Ofakim comes a week after the laying of the cornerstone for the new land factory in Be'er Sheva, where IAI will invest around one hundred million shekels, with about 500 employees.

The new factory in Ofakim, a national priority area, will be operated by Eltel and will engage in the production of electronic equipment using advanced technologies, manufacturing of aviation wiring harnesses for civilian and military systems, assembly of integrated electromechanical systems, while complying with the required standards.

The city of Ofakim, located approximately 25 kilometers from the Gaza Strip, has suffered many casualties in the war, and the establishment of the factory will contribute to strengthening economic stability in the city and provide a solution to the immediate business needs of the aerospace industry, IAI says.

Amir Peretz, Chairman of the Board of Directors of Israel Aerospace Industries, stated: "The new factory in Ofakim will operate in collaboration with all the company's divisions and will provide solutions for all production lines in the company. The factory will provide employment opportunities for communities in the surrounding areas and will provide job security for the residents of Ofakim, the Gaza periphery, and the southern region, which serve as a shield for the country's citizens."

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