Foreign Investment in Israel Soars Despite BDS Push
Foreign investment in Israel has reportedly soared to new all-time highs despite the BDS push that has gained momentum worldwide.
Fueled by growth in high-tech industries, investments in Israeli assets rose to $250 billion, more than tripling since critics of Israel launched the movement to Boycott, Divest from and Sanction the Jewish state, Bloomberg news reported.
The BDS movement includes two distinct groups: some who reject the Jewish state’s existence and others who want it to end its occupation of Palestinian land.
But neither effort has had much effort on the fast-growing Israeli economy.
Even nine publicly-traded companies and banks with operations in the Israeli-occupied West Bank has risen steadily over the past three years.
“We don’t have a problem with foreign investment in Israel — on the contrary,” Yoel Naveh, chief economist at Israel’s finance ministry, said in an interview with Bloomberg.