--- source_url: "https://en.wikipedia.org/wiki/Israel_Land_Development_Company?utm_source=openai" title: Israel Land Development Company - Wikipedia mirrored_at: 2026-09-01T01:02:18.128Z host: en.wikipedia.org cited_in_42a: true mirror_canonical: "https://index.42a.ai/en.wikipedia.org/wiki/Israel_Land_Development_Company__q__utm_source_openai" --- > **Original source:** https://en.wikipedia.org/wiki/Israel_Land_Development_Company?utm_source=openai From Wikipedia, the free encyclopedia Israel Land Development Company Type [Public](https://en.wikipedia.org/wiki/Public_company "Public company") [Traded as](https://en.wikipedia.org/wiki/Ticker_symbol "Ticker symbol") - [TASE](https://en.wikipedia.org/wiki/Tel_Aviv_Stock_Exchange "Tel Aviv Stock Exchange"): [ILDC](https://market.tase.co.il/en/market_data/security/%7B%7B%7B2%7D%7D%7D) - [Nasdaq](https://en.wikipedia.org/wiki/Nasdaq "Nasdaq"): ILDC Founded 1909; 117 years ago Headquarters [Tel Aviv](https://en.wikipedia.org/wiki/Tel_Aviv "Tel Aviv"), Israel Key people [Yaakov Nimrodi](https://en.wikipedia.org/wiki/Yaakov_Nimrodi "Yaakov Nimrodi") Website [ildc.co.il/en/](http://ildc.co.il/en/) Head office in Tel Aviv **Israel Land Development Company** (**ILDC**; [Hebrew](https://en.wikipedia.org/wiki/Hebrew_language "Hebrew language"): הכשרת הישוב, _Hakhsharat HaYishuv_) is one of Israel's largest conglomerates, with fields including real estate, construction, energy and hotels.[\[1\]](#cite_note-ILDC-1)[\[2\]](#cite_note-2) It was acquired in 1987 by [Yaakov Nimrodi](https://en.wikipedia.org/wiki/Yaakov_Nimrodi "Yaakov Nimrodi").[\[1\]](#cite_note-ILDC-1) ILDC was founded in 1909 by the [Zionist Federation](https://en.wikipedia.org/wiki/Zionist_Federation_of_Great_Britain_and_Ireland "Zionist Federation of Great Britain and Ireland") as the **Palestine Land Development Company**, or **Palestine Land Development Corporation**.[\[3\]](#cite_note-3) It was a program of the practicalist movement in early [Zionism](https://en.wikipedia.org/wiki/Streams_of_Zionism "Streams of Zionism"), particularly in the decade before the start of [World War I](https://en.wikipedia.org/wiki/World_War_I "World War I"). The PLDC purchased land, trained Jews in agricultural pursuits, and established Jewish agricultural settlements in [Palestine](https://en.wikipedia.org/wiki/Palestine_\(region\) "Palestine (region)"). By the outbreak of World War I it had purchased about 50,000 [dunam](https://en.wikipedia.org/wiki/Dunam "Dunam") (about 4600 [hectares](https://en.wikipedia.org/wiki/Hectare "Hectare")) of land. It attempted to purchase nearly 3 times that amount in the [Jezreel Valley](https://en.wikipedia.org/wiki/Jezreel_Valley "Jezreel Valley"), however the outbreak of the war prevented it from making such a purchase. It became an Israeli public company in 1953.[\[1\]](#cite_note-ILDC-1) [Yaakov Nimrodi](https://en.wikipedia.org/wiki/Yaakov_Nimrodi "Yaakov Nimrodi") took control of the company in 1988 with a $26m investment.[\[4\]](#cite_note-JVL-4) In 2006 Nimrodi signed an agreement to buy out a 20% minority shareholder which valued the company at $172m.[\[5\]](#cite_note-5) ## Properties owned by ILDC \[[edit](https://en.wikipedia.org/w/index.php?title=Israel_Land_Development_Company&action=edit§ion=2 "Edit section: Properties owned by ILDC")\] - Rimonim Hotels[\[6\]](#cite_note-6) 1. [1](#cite_ref-ILDC_1-0) [2](#cite_ref-ILDC_1-1) [3](#cite_ref-ILDC_1-2) ["Archived copy"](https://web.archive.org/web/20120622093051/http://en.ildc.co.il/). Archived from [the original](http://en.ildc.co.il/) on 2012-06-22. Retrieved 2012-09-04.`{{[cite web](https://en.wikipedia.org/wiki/Template:Cite_web "Template:Cite web")}}`: CS1 maint: archived copy as title ([link](https://en.wikipedia.org/wiki/Category:CS1_maint:_archived_copy_as_title "Category:CS1 maint: archived copy as title")) 2. [↑](#cite_ref-2) [BusinessWeek](https://en.wikipedia.org/wiki/BusinessWeek "BusinessWeek"), Israel land development co (ILDC:Tel Aviv)\[[link removed](https://en.wikipedia.org/wiki/Wikipedia:ATODAY "Wikipedia:ATODAY")\] 3. [↑](#cite_ref-3) [Laqueur, Walter](https://en.wikipedia.org/wiki/Walter_Laqueur "Walter Laqueur"). _A History of Zionism_. (Chicago: Holt, Rinehart and Winston, 1972) p. 153 4. [↑](#cite_ref-JVL_4-0) jewishvirtuallibrary.org, [Encyclopaedia Judaica: Nimrodi](http://www.jewishvirtuallibrary.org/jsource/judaica/ejud_0002_0015_0_14854.html), 2008 5. [↑](#cite_ref-5) Ora Coren and Shlomy Sheffer, _[Haaretz](https://en.wikipedia.org/wiki/Haaretz "Haaretz")_, 31 December 2006, [Nimrodi buys out Ilan Ben Dov's 20% share of ILDC and gains sole control](https://web.archive.org/web/20150924213658/http://www.haaretz.com/print-edition/business/nimrodi-buys-out-ilan-ben-dov-s-20-share-of-ildc-and-gains-sole-control-1.208732) 6. [↑](#cite_ref-6) ["Rimonim Hotels - About us"](https://web.archive.org/web/20151121020648/https://www.rimonimhotels.com/about-us). _www.rimonimhotels.com_. Archived from the original on November 21, 2015. Retrieved 21 August 2022. - [Official website](http://ildc.co.il/en/) [Archived](https://web.archive.org/web/20230901150250/http://ildc.co.il/en/) 2023-09-01 at the [Wayback Machine](https://en.wikipedia.org/wiki/Wayback_Machine "Wayback Machine") (in English and Hebrew) - [Map of Haifa by the Palestine Land Development Company, ca.1926.](http://primo.nli.org.il/primo_library/libweb/action/dlDisplay.do?vid=NLI&docId=NNL_MAPS_JER002367056)\[_[dead link](https://en.wikipedia.org/wiki/Wikipedia:Link_rot "Wikipedia:Link rot")_\] Eran Laor Cartographic Collection, The National Library of Israel.