Data for the year indicates a growth trend in foreign investment, according to the Israeli Finance Ministry's chief economist.
Preliminary numbers for the first half of 2024 show a 15% increase in foreign investment in Israel, according to the annual report of the Chief Economist’s Office of Israel’s Finance Ministry, published on Tuesday.
With the exception of a major investment by Intel, 2023 saw a 24% decline in foreign investment in Israeli hi-tech compared to the previous year, the report states, according to Israel’s Globes business daily.
Only 1,563 deals were concluded in 2023, compared to 2,502 in 2022—a drop of 62%. Key investments included Thales SA’s $3.6 billion Imperva merger and Adani Group’s $1.2 billion Haifa Port acquisition. Semiconductor investments led sectoral distribution at 48%, followed by IT at 31% and life sciences at 6%.