50% of the R & D expenditure in Israel originates in foreign companies and contribuets productivity

A new report by the Ministry of Economy shows that multinational corporations are contributing to raising productivity, employment and increasing R & D in Israel:
• Fertility in a foreign company in Israel is twice as high as that of a local company
• The presence of foreign companies leads to a rise in wages in the entire industry
• Approximately 50% of the R & D expenditure in Israel originates in foreign companies (1st place in the OECD)
The Authority for Industrial Cooperation and Promotion of Foreign Investment in the Ministry of Economy and Industry publishes a detailed report presenting the contribution of multinational corporations to the Israeli economy, which was conducted in cooperation with the CBS, including a series of personal interviews with six CEOs and senior executives Leading multinational companies in Israel, Intel, IBM, Philips and GM, Flex and Unilever, are presenting for the first time an innovative quantitative study on the contribution of foreign companies to the Israeli economy.
The data show that multi-national companies are central to the Israeli economy: they push the economy forward, drive in-depth processes, and assist in responding to national challenges The report's data indicate that as the presence of foreign companies in the local industry increases, Work productivity is also increasing. In addition, as the R & D expenditures of multi-national companies continue to rise, surprisingly, the number of employed persons in local companies in the same industry is increasing.
The study also found that multinational companies raise employment levels, improve productivity, and help transfer knowledge and skills from the "source" to Israeli industry - and therefore essential for continued economic growth.
The great contribution of the multinational companies to the Israeli economy goes hand in hand with the tremendous appreciation that these companies feel for the Israeli economy and industry. The CEOs of the multinational companies operating in Israel expressed great satisfaction with Israel's choice as an investment destination and the large value that the multinational company receives from its diverse human capital, Pioneering innovation, advanced production capabilities and fruitful cooperation with Israeli academia.
Minister of Economy and Industry Eli Cohen: "Today, more than 320 multinational companies operate in Israel, thanks to Israel's human capital and innovation, and we are working to maintain our status as a magnet for other multinational companies that improve productivity, wages and employment in Israel, Positively affect employment in the periphery and serve as a magnet for international knowledge and methods and for the advancement of the entire industry. "
Ziva Eiger, Head of the Authority for Industrial Cooperation and the Promotion of Foreign Investments: "The presence of multinational companies in the State of Israel creates mutual benefits for both the Israeli economy and the economy, and their impact is evident in a wide range of fields and sectors: from wages and productivity to employment and product, Knowledge and technology to Israel, foreign investment is a significant power multiplier for the economy, and a foreign investment unit is reading and helping more multinational companies to come to Israel. "