From Jerusalem Shop to Billion-Shekel Real Estate Empire: The Naimi Story

Meet Miki and Carmit Naimi, the driving force behind Israel's massive Mesubim business park project, who built a real estate empire through bold decisions and unwavering Zionism.

Source:Ynet
From Jerusalem Shop to Billion-Shekel Real Estate Empire: The Naimi Story
Illustration WireIsrael: AI Generated

Carmit and Miki Naimi have been business and life partners for 28 years, building Naimi Group into a prominent real estate powerhouse in Israel. Miki Naimi, born in Iran, arrived in Israel in late 1979 at age nine with his mother and eight siblings after his father was smuggled out following the Islamic Revolution. Starting with a modest household goods business in Jerusalem, Miki transitioned into commercial real estate in 2008, building logistics centers, malls, and mixed-use parks across Bet Shemesh, Netanya, and the greater Tel Aviv area. Their daughters, Rotem and Stav, both economics graduates and alumni of military service, are now actively involved in the family business.

The turning point in their entrepreneurial journey occurred in January 2018, when Miki acquired a 126-dunam plot at the Mesubim intersection from Bezeq for 550 million NIS, outbidding seasoned market giants. The expansive Mesubim business park project, featuring 13 buildings and extensive office, retail, and recreational spaces, represents an investment of approximately 5 billion NIS. Major firms such as Kan 11, Audiocodes, H.stern, and Diplomat have secured spaces in the park. Miki and Carmit firmly reject foreign real estate investments, emphasizing a Zionist commitment to keeping capital, paying taxes, and fostering economic growth within Israel despite ongoing regional and economic challenges.

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