The Haifa Economic Corporation (HEC) was established in 1972 as a municipal corporation wholly owned by the Haifa Municipality. Operating as the city’s entrepreneurial and economic arm, it leads large-scale strategic projects. These initiatives drive economic growth, strengthen municipal revenue streams, and expand high-quality employment across Haifa.
Our activities focus on four core sectors: Real Estate, Energy, Tourism Infrastructure, and Business Development, alongside a strategic initiative to position Haifa as Israel’s DefenseTech hub. The corporation operates under a business-oriented, entrepreneurial model based on income-generating assets and long-term investments. This approach delivers robust economic value alongside meaningful urban impact.
Over the years, we have initiated and led major projects that serve as critical growth engines. These flagship developments strengthen Haifa's position as a premier global business and technology center.
Core Subsidiaries & Partnerships
- MATAM Park: Development and management of Israel’s largest high-tech park, jointly owned with Gav-Yam
- Haifa Science & High-Tech Park: Development, construction, and marketing of an advanced business park, jointly owned with Mivne Group
- HiCenter: An innovation and investment hub promoting the local technology ecosystem, which also operates the National Center for the Blue Economy
- Haifa Sports & Leisure Complex: Development and operation of Sammy Ofer Stadium
- Haifa Economic Projects Management: Managing and leading municipal projects on behalf of the Haifa Municipality
The Haifa Economic Corporation collaborates with public and private entities worldwide to attract investments and build advanced infrastructure. Together, we continue to reinforce Haifa’s position as a leading, innovative, and entrepreneurial global city.