Arison Water Initiative disclosed that its business plan was approved in June 2007 and that it has been making investments in Israel and other countries since then. Former Mekorot National Water Company CEO Baruch "Booky" Oren is the CEO of the $100 million venture.
Arison Water Initiative said that Dorot Water Technologies, which was founded over 60 years ago, has been growing by 20% a year since 2002 as it established its range of valves and meters for agriculture and municipal water systems. 80% of the company's output is exported. The company has 220 employees.
Last month, Arison Water Initiative made its second investment: a $250,000 venture capital investment in StreamControl Ltd., which develops a comprehensive solution for leakage reduction by pressure management