Rafael expands at the Haifa Science Park with another lease worth about NIS 32 million

In depth

Rafael has signed a five-year agreement to lease two additional floors in Building B at the Science and Hi-Tech Park in Haifa, worth about NIS 32 million. The agreement was signed with Mivneh group and the Haifa Economic Corporation. Last year the company leased three floors in the complex worth about NIS 45 million, in an agreement signed in October 2025. Following the new agreement, the total value of lease transactions in the complex stands at about NIS 77 million.

After the expansion, Rafael will hold five floors with a total area of about 10,000 square meters. The defense company hired about 2,000 employees over the past year, and its backlog of orders stands at about NIS 75 billion. The Haifa Economic Corporation said the expansion is expected to bring hundreds of new jobs to the city.

Rafael's first center in Haifa is its first development center in the city, and the new lease adds space to it in Building B. The five-year agreement ensures the company's continued presence in the complex in the coming years.