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Reducing Dependence on the Land Authority: KKL Buys Apartments in Negev and Galilee for 100 Million Shekels

Amid declining revenues from land sales, the Keren Kayemeth LeIsrael (KKL) is shifting its strategic focus towards purchasing new apartments in the Negev and Galilee. This 100 million shekel initiative aims to reduce KKL's reliance on the Israel Land Authority (ILA). KKL Chairman Eyal Ostreinsky stated that leveraging financial resources would allow the organization to expand its activities. This move follows a previous initiative to acquire 50 apartments in Kiryat Shmona to revitalize the city after northern conflicts and encourage the return of young populations. However, the article raises concerns about the potential use of these properties for personal or political interests rather than social needs. The issue of oversight and transparency in this process is also highlighted to ensure that social objectives are met.