Ramet set to make impact on construction market

One of the largest Israeli-based developers, Ramet, announced plans to invest as much as $100 million in Poland over the next three years. The company has decided to join forces with publicly listed Mostostal Export to form a new company, Bukowinska Development (BD), which will build flats in Warsaw. Ramet will own 50% of the BD and will spend zl. 44 million on the investment. The company is also interested in constructing bridges. It wants to participate in the bid to build a new bridge over the Wisla River in Warsaw. "We have not established any limits on our investments," said Miriam Doron, managing director of Ramet. The company stated that they will continue cooperation with Mostostal Export to develop further residential projects in Warsaw. "Poland is a country where it is possible to do business and make money. Apartments are still needed, we want to build apartments for the middle class who can afford to buy medium sized flats for around $80,000," said Doron. (Puls Biznesu, p. 7) A.K.