The Israel Ports Development & Assets Company Ltd. (IPC) Ltd. is responsible for the development of Israel's three commercial seaports in Haifa, Ashdod and Eilat, and for providing the necessary infrastructure which will allow the ports to efficiently and competitively handle Israel's international maritime trade. In addition to managing some of the country's largest infrastructure development projects, the company acts as Israel's port property landlord, managing the government's assets allocated for the facilitation of its international maritime commerce. The Company's financial stability is reflected by its Aa1 (negative outlook) rating.
As an arm of the State, the IPC carries out its mission placing great weight on the State's priority to develop modern, competitive and efficient ports, thus facilitating economic growth. The ambitious development program promoted by the company will position Israel's ports among the top ports in the Mediterranean and will change the face of Israel's port industry.
In parallel to the development of the seaport's physical infrastructure, the IPC has been analyzing impediments to the smooth flow of Israel's international trade and is active in promoting other solutions that will improve the nation's trade competitiveness, especially in streamlining the logistics and supply chain.