Direct foreign investment in Israel fell 30% in 2007, according to the annual report from the United Nations Conference on Trade and Development.
Direct foreign investment in Israel fell 30% to $10 billion in 2007 from a record $14 billion in 2006, according to the annual report from the United Nations Conference on Trade and Development (UNCTAD) on financial investment and global acquisitions. According to a forecast by the international financing department at the College of Management business administration school, 2008 is likely to see a further contraction in direct foreign investment to $6 billion only.
However direct financial investment worldwide reached an unprecedented level in 2007, rising 30% over 2006 to $1.83 trillion.
The UNCTAD report for 2007 also looks for the first time at infrastructure, with details of international investment in infrastructure in each company. Israel was ranked 24th of the 27 developed countries covered in the report for foreign investment in infrastructure.
Published by Globes [online], Israel business news - www.globes-online.com - on September 24, 2008
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