Government Pension Fund Global (GPFG)

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October 27, 2014 – The Israeli newspaper Yedioth Ahronoth reported today (article in English) that representatives from Africa Israel (AI) and its construction subsidiary Danya Cebus, targets of the Boycott, Divestment and Sanctions (BDS) movement, say they will stop building Israeli settlements in the Occupied Palestinian Territories, including in Jewish settlements in East Jerusalem. Yedioth Ahronoth reported that protests against settlement construction beyond the Green Line were among the main reasons for AI’s decision. The Israeli newspaper cited Africa Israel’s past construction the settlements of Har Homa, Gilo, Ma'aleh Adumim, Ariel, and Mattityahu East. However, Adalah-NY believes that this announcement - undoubtedly the result of seven years of pressure generated by Adalah-NY and allied groups worldwide and a sign of the growing strength of the BDS movement - should be greeted with vigilance because Africa Israel has in the past made similar statements that proved to be untrue.

In fact, according to the Israeli watchdog group Who Profits, “In October 2010, in an official letter to Who Profits, Africa-Israel stated: ‘Neither the company nor any of its subsidiaries and/or other companies controlled by the company are presently involved in or has any plans for future involvement in development, construction or building of real estate in settlements in the West Bank.’ However, the company soon after received a 78 million shekel contract to construct the C-Jerusalem project in the settlement neighborhood of Gilo in East Jerusalem.”