The Business Development function has been set up to service the needs of the business units and the Group Corporate Office in respect to the company's decision to develop a well planned and structured approach to the Group's growth and expansion in the local and international markets. These services include identifying business opportunities, monitoring due diligence exercises, setting up action plans, identifying strategic partners, participating in negotiations, conducting feasibility studies and recommending business development opportunities.

The department is actively involved in both organic and external expansion of Harel Mallac's activities. This includes accompanying both Corporate and Business Units' development via the setting up of export platforms, the creation of fully owned overseas or local subsidiaries and selecting investment opportunities in view of minority participations in targeted companies.