A publicly traded Israeli company active in the fields of civil engineering, infrastructure, real estate and quarrying.
Through its fully-owned subsidiary, Oron Industries 18 Ltd., (formerly Meitarim Quarry Ltd.), the company owns and operates the Meitarim quarry near the settlement of Tene Omarim in the occupied West Bank. The quarrying activity in the quarry is subject to approval by the Israeli Civil Administration (ICA) and is given in exchange for royalties paid by the Group to the ICA.
The company has two authorization contracts for the operation of the quarry for a total land area of 374 dunams, which were valid until December 2015 and have yet to be renewed. Its quarrying license, which is renewed annually, is valid until June 2023. Meitarim’s quarry annual quarrying rate was 2.5 million tons in 2021. The company also operates a concrete plant and an asphalt plant next to the quarry.
In 2020, Oron Infrastructure and Construction Ltd, (formerly Gili and Yoel Azaria Ltd.), won a tender to carry out tunneling, bridge construction and paving works in the southern section of Highway 60 (Tunnels Highway) in occupied East Jerusalem, for an estimated NIS 273 million. In 2022, the company completed the mining of the new tunnel. The Spanish mining company OSSA is the subcontractor in the project for the Oron Group.
Highway 60 passes directly under the Palestinian town of Beit Jala, connecting Gush Etzion settlements in the occupied West Bank to Jerusalem, and provides access to Jerusalem without coming in view of surrounding Palestinian villages and neighborhoods. According to Moriah Jerusalem Development Corporation, the expansion of Highway 60 improves connectivity for settlements to the south of Jerusalem and facilitates the lifting of restrictions on new housing units in surrounding cities, including Beitar Illit settlement.
In 2019, Pamco Engineering, a fully owned subsidiary of the company, won a tender to carry out exploration drilling for the northern section of the American Road in East Jerusalem. The American Road is part of the eastern ring road, which connects the northern and southern parts of East Jerusalem. The project benefits Israeli settlers while cutting off Palestinian neighborhoods from one another.
In 2019, the company’s fully owned subsidiary Oron Real Estate, marketed 64 plots in the settlement of Eshkolot in the occupied West Bank, 40 of which are villas and 24 of which are self-build as part of an expansion project of the settlement. The company’s stake in the project is 80%.
In 2017, the company completed the construction of Ma’ale Adumim Commercial Center on 10,000 m2 in the settlement of Ma’ale Adumim in the occupied West Bank for an estimated NIS 43 million.
The company is publicly traded on the Tel Aviv Stock Exchange under the ticker symbol ORON.
The company is controlled by its CEO Yoel Azaria, and Chairman of the Board Gil Azaria, each holding 37% of the company’s shares.
Additional shareholders include: The Phoenix Holdings Ltd (7.85%), Reading Capital Ltd (7.4%), Excellence Investments Ltd (0.16%).
Fully-owned subsidiaries include: Oron Infrastructure and Construction Ltd., Hamegurim B.R. Ltd., Oron Real Estate Ltd., Oron Industries 18.
Israeli Electricity Company (IEC), OSSA, SodaStream and Shufersal.
The company provides services to the Israeli Ministry of Defense and other governmental bodies and companies such as National Roads Company of Israel, Israel Railways, and Moriah Jerusalem Development Corporation.
All the information contained in this page is valid until Thu 14/07/2022
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