Africa-Israel Investments Ltd.

Africa-Israel Investments Ltd. (AFI) is an international holding and investment group active worldwide in real estate, construction and infrastructure, industry and tourism and leisure. Headquartered in Israel, under the leadership of its chairman and controlling shareholder, Lev Leviev, and its CEO, Izzy Cohen, AFI is one of the country's largest and most dynamic investment companies. AFI is comprised of several publicly traded companies. Its business strategy is based on investment planning, locating business opportunities, quality risk management and maintaining supervision and control over all activities in Israel and abroad.
Main Activities
Real Estate - Overseas: AFI Development - Russia (LSE: AFID) is one of the largest real estate development companies in Russia, focusing on large scale projects in Moscow and other cities in Russia. In March 2011, AFI Development opened a shopping center in Moscow, the AFI Mall City. It also owns the Ozerkovskaya project, which includes luxury residential units, a hotel and offices as well as additional land for future development in Moscow. AFI USA focuses on exclusive residential projects and income producing properties. In New York, it owns areas in the New York Times building and also the exclusive Apthorp residential building. Afi Europe develops and owns residential, office and shopping malls in eight countries in Eastern Europe, which include, inter alia, the Airport City project in Belgrade and the Cotroceni Mall in Bucharest, as well as land for future development.
Real Estate - Israel: AFI owns hundreds of thousands of square meters of income-producing property, science and industrial parks and office towers.

Construction & Infrastructure: Danya Cebus (TASE: DNYA, 73%-owned) is the construction and infrastructure arm of Africa-Israel. Danya Cebus leads most of Israel's major infrastructure projects and is also active in Russia and Romania. In December 2010, Danya Cebus bought AFI’s entire holdings in Africa Israel Residences (74.5%). Africa Israel Residences is one of the largest real estate developers in the residential sector in Israel and develops neighborhoods that include schools and cultural and sports facilities. In June 2011, Danya Cebus sold 75% of its rights in Hayovel Lines (operator of Road 431).
BOT & PFI Projects: In December 2010, AFI sold its entire holdings (37.5%) in Derech Eretz Highways (1997) Ltd., concessionaire of the Cross-Israel highway toll road, remaining a shareholder in Derech Eretz Management Corp., the operator of the road. Other projects include Highway 431, Hebrew University dormitories, the "Hayovel Tower" (a government tower in Tel Aviv) and others.
Industry: AFI Industries (formerly Packer Plada) is Israel's largest steel company which also operates in Russia. Negev Ceramics, a subsidiary, is a leading designer and manufacturer of building and interior design products, which is also active in Romania and Russia. In 2011, AFI Industries bought Yacoby Steel (concrete reinforces steel) and Negev Ceramics bought Via Arcadia (flooring and wall coverings and bathroom fixtures)  and Orgal (bathroom fixtures).
Tourism & Leisure: AFI Hotels holds the Crowne Plaza and Holiday Inn franchises in Israel; hotels in Russia, Romania and Germany; and an amusement park in Eilat. In December 2010, AFI sold 50% of AFI Hotels to a group of private investors.
Media: AFI controls Israel Plus, a Russian language TV station in Israel.