Record $2.11b foreign investment in January-February

Overseas investment by Israelis totaled $3.31 billion in January-February 2005.

Foreign investment in Israel totaled $2.11 billion in January-February 2005, including $1.08 billion in February, a third of all foreign investment in Israel in 2004. Investment is now running at an unprecedented annual pace of $12 billion, which would be an all-time record.

Direct (non-financial) foreign investment, particularly in real estate and high-tech companies, amounted to $604 million in January-February, including $234 million in February. The January-February rate reflects an annualized $3.6 billion in direct foreign investment, triple the total in 2004.

Foreign financial investment in January-February was $1.62 billion, of which $951 million was in February. The January-February rate reflects an annualized rate of over $9 billion in foreign financial investment.

Foreign investment in the Tel Aviv Stock Exchange (TASE) has grown 2.6-fold so far this year, reaching $1.37 billion in January-February, compared with $523 million in all of 2004. If the pace continues, the TASE will be flooded with $8 billion in foreign investment this year.

Overseas investment by Israelis is also soaring. Total overseas investment by Israelis totaled $3.31 billion in January-February, an annualized $20 billion.

Published by Globes [online], Israel business news - www.globes.co.il - on March 23, 2005

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