New Agreement Reached Over Dead Sea Minerals Concession

Jerusalem, 6 November, 2025 (TPS-IL) — The state has reached agreements in principle with ICL, multi-national manufacturing concern that develops, produces and markets fertilizers, metals and other special-purpose chemical products, regarding the settlement of the assets of the Dead Sea concession.

As part of the document of principles signed towards the end of the concession in 2030, the state reached an agreement on the value of the Dead Sea assets and also anchored its intention to cancel ICL’s right of first refusal in the tender for the Dead Sea concession.

According to the Principles Document and in accordance with the provisions of Section 24 of the Dead Sea Concession Law, 5721-1961, ICL will transfer to the state all assets required for the ongoing and full operation of the Dead Sea Concession, for $2.54 billion (plus the future costs of the actual salt harvesting project). The transfer of the assets to the state and the payment to ICL will be made at the end of the concession in 2030.

The asset arrangement that is being formed, which is anchored in the Principles Document in preparation for the future signing of a detailed and full legal agreement by the parties, will allow the state to conduct a competitive, international and equitable tender process by creating certainty for the expected process, both for the state and for potential bidders in the tender.