Moriah Jerusalem Development Company manages, plans and implements infrastructure and construction projects in Israel’s capital. The company is the implementation arm of the Jerusalem Municipality and Ministry of Transport, which promotes and implements projects for transport infrastructure and constructs major public buildings. Moriah also serves as the implementation arm for the Israel Land Authority in developing new neighborhoods, and the Jerusale-m Development Authority and its subsidiary Eden in promoting projects in the city’s urban centers.
Moriah is also an economic company that implements economic projects for the Municipality and residents’ welfare. In these projects, Moriah uses its capabilities to form profitable business plans and provide external financing as required, such as completion of a unique project of building solar roofs on 90 Jerusalem educational and public buildings.
Business & Management Vision
Moriah’s business vision is based on achieving ambitious business targets that the company regularly sets for itself and achieving long-term profitability for shareholders. The company’s vision is to be a leading, sustainable body in promoting, planning and implementation of complex infrastructure projects.
In recent years, Moriah has undergone a management transformation that includes strategic focus, organizational changes and building a leading team. These measures created a business infrastructure for sharp growth in the scope of operations from NIS 104 million in 2009 to NIS 668 million in 2013, a six-fold growth in operations. The 2014 forecast sees over NIS 700 million in operations. The challenge facing the company is to maintain its startup culture while adopting the business approach of a large company with an annual scale of operations of over NIS 500 million.
Moriah also needs to expand the economic projects it develops, and it is currently entering the fields of energy efficiency, urban renewal and more.
Broad Range of Projects
Moriah is implementing a broad range of projects. The company is currently managing over 100 projects with an overall budget of more than NIS 5 billion. Moriah’s main projects are:
• Begin Highway South: Begin Highway is Jerusalem’s main traffic artery linking the northern entrances of the city to the south. Major works are being implemented to extend Begin Highway to Gilo neighborhood in the south. The project’s budget is worth over NIS 1 billion and it will be completed in 2016.
• Jerusalem Hapayis Arena: Construction of a new sports and events arena in Malha. The arena will cover 35,000 sq.m. with a 11,600-seat capacity, and will be completed in 2014.
• Building Extension Infrastructure and New Lines for the Jerusalem Light-Rail: New lines will be added to the highly successful existing line. Comprehensive work is being carried out to extend the existing line to the north and south and to add new lines. The budget is worth hundreds of millions of shekels.
• Exploiting Solar Energy: Moriah initiated construction of solar installations on school rooftops throughout the city. 90 installations have been put on public buildings to generate clean, renewable energy. In 2014, the project will be expanded to more solar roofs and will include the solar roofing of the Teddy Stadium.
• Capital Gate - City Entrance Project: In 2014, work will begin to adapt the city’s western entrance to future needs including an underground car park for railway passengers, beneath a road tunnel and rearranging and developing Shazar Street. The project also includes building new roads and preparing infrastructure for more light-rail crossing points. The project’s budget is over NIS 1.2 billion and will be completed during 2018.
Projects Completed by Moriah
The company has completed dozens of projects throughout Jerusalem that have changed the face of the city. Among projects completed:
• The Chords Bridge: Allows the Jerusalem Light-Rail to pass over the highway at the city’s western entrance. The elegant cantilever spar-cable stayed bridge was designed by world famous Spanish architect Santiago Calatrava.
• Road 9: at the western entrance to Jerusalem leading to the north of the city and the Dead Sea which has reduced traffic on the highway coming into the city center and provided a bypass traffic solution.
• Benzion Interchange (4/20): major interchange for northern suburbs connecting to Road 443.
• Teddy Stadium: Construction has been completed of the south stand with 10,500 seats increasing capacity to 31,000. In the summer of 2013, the stadium hosted the Maccabiah opening ceremony and the Euro 2013 Under 21 Soccer Championships held in Israel.