Kardan N.V. is a Netherlands-based holding and investment Company. The Company operates through its subsidiaries. Operations divide between international and the Israeli markets. International Operations fall under Kardan Financial services B.V., Tahal Group International B.V. and GTC Holdings. Israeli Operations fall under Kardan Israel Ltd. The Company operates real estate investments, banking and insurance services based in Central and Eastern European markets. In Israel, the Group is active in real estate, financial services, automotive services, consumer goods, communication, and technology sectors. In 2007, the Company, through its subsidiary, GTC RE, started to develop a shopping mall in Chengdu, China. As of July 2008, the Company won a bid for two turn-key projects in the south Sahara area and bought a land in Hangzhou, China for development. As of August 2008, the Company completed its turn-key water project in Guyana.