US/World News

Report: Foreign investment in Israel flourishes despite BDS

(JNS.org) Foreign investment in Israeli assets has tripled since the launch of the Boycott, Divestment and Sanctions (BDS) movement in 2005, demonstrating that BDS has not significantly harmed the Israeli economy, according to new data published by Bloomberg News. “We don’t have a problem with foreign investment in Israel—on the contrary,” said Yoel Naveh, chief economist at Israel’s Finance Ministry. In 2015, Israel’s industrial high-tech exports grew 13 percent from the previous year. Israeli start-ups raised $3.76 billion last year from non-Israeli investors, according to the IVC Research Center. This year, Israel’s economic growth is projected to reach 2.8 percent, higher than the growth rates in the U.S. and the European Union.

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