CONSENT OF INDEPENDENT AUDITORS


          We  hereby   consent  to  the   incorporation   by  reference  in  the
registration statement  (Post-Effective Amendment No. 2 on Form F-3 to Form F-1,
Registration  Number  333-6136) and related  prospectus and in the  registration
statement (Form S-8, Registration Number 333-8592) and related prospectus of our
report dated June 30, 1999 with respect to the consolidated financial statements
of Genesis Development and Construction Ltd. included in its Annual Report (Form
20-F) for the year ended  December 31, 1998. We also consent to the reference to
our firm under the caption "Experts" in the prospectuses.



                                        KOST LEVARY and FORER
                      Certified Public Accountants (Israel)
                      A member of Ernst & Young International



Haifa, Israel
June 30, 1999