Rafael Expands Haifa Operations with 32 Million Shekel Office Deal
Defense tech giant Rafael has signed a 32 million shekel lease for two additional floors at Haifa's Science and High-Tech Park, bringing its total recent investments in the park to 77 million shekels.
Defense technology giant Rafael is expanding its footprint in Haifa, signing a new five-year lease agreement worth approximately 32 million shekels for additional office space at the city's Science and High-Tech Park. The deal underscores the booming activity of Israel's defense sector and reinforces Haifa's status as a national hub for defense tech.
The agreement, secured with the park's operators—Mivne Real Estate Group and the Haifa Economic Corporation—covers two floors in Building B. This follows a previous deal signed roughly a year ago, in which Rafael rented three floors for about 45 million shekels over a five-year term with an option for extension. Combined, the two transactions total approximately 77 million shekels.
Rafael, renowned globally for developing advanced combat and defense systems including for the IDF, is already occupying the initial three floors and expects to move into the two new floors in the coming months. The company recently also made headlines with a massive 150 million euro deal alongside Israel Shipyards to supply naval vessels and advanced weaponry to Cyprus.
Spanning the southern approaches of Haifa near the Sammy Ofer Stadium and Matam Park, the Science and High-Tech Park comprises three existing eight-story buildings and two planned additions, encompassing some 80,000 square meters. The complex benefits from major transportation links, including the Coastal Road, railways, and the Carmel Tunnels.
Commenting on the expansion, Mivne Group CEO Uzi Levi noted that the follow-up agreement is a testament to the park's quality and its ability to meet the rigorous demands of industry leaders. "We anticipate that with the joining of additional significant players from Israel's growing defense industry, the park will solidify its position as Israel's premier defense-tech hub," Levi said.
