BDS not impacting investment in Israel - report

Israeli stand Barcelona photo: Globes

Bloomberg reports that foreign investment in Israel totaled $285.12 billion in 2015, triple the amount in 2005.

Despite the reports of international artists canceling performances in Israel under pressure from anti-Israel organizations and pension funds getting rid of their Israeli holdings, data collected by Bloomberg show an encouraging picture from Israel's point of view.

Bloomberg reported today that foreign investment in Israel totaled $285.12 billion in 2015, almost triple the amount invested in 2005, when the BDS boycott movement began.

Ministry of Finance chief economist Yoel Naveh was quoted as saying, "We have no problem with foreign investment in Israel; on the contrary."

Foreign CFOs, economists, and government officials say that Israeli assets are an attractive option for investment. The Israeli economy is slowing, but its growth is still greater than in the US and Europe. Furthermore, many reject the idea that investing in Israel infringes Palestinian rights, which is one of the main contentions of the organizations advocating a boycott of Israel.

Published by Globes [online], Israel business news - www.globes-online.com - on June 2, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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Israeli stand Barcelona photo: Globes
Israeli stand Barcelona photo: Globes
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