Amazing just who is coming to Israel!
The world is in chaos. Inflation – Ukraine – wheat and chip shortages. And for all that, it seems that everyone still wants a piece of Israel’s surging economy.
Despite covid et al, Israel’s core economy has remained stable over the past two years. The fiscal deficit is now dropping fast. Unemployment is around 4%. And the hightech sector continues to find overseas investors.
All these factors are just what countries and investors looking for in these turbulent times, as they seek out new markets.
China, India and the UAE are in the process of drawing up free trade agreements with the Holy Land.
Britain announced in Parliament this week that it is drafting a wider trader structure with Israel.
Singapore is finally opening an full embassy in Israel.
Lego, that amazing toy company from Scandinavia, will open one of its trade-mark shops in Tel Aviv.
And my favourite news item? Lulu, an Indian supermarket giant, whose HQ is in Abu Dahbi, “is in talks with Israeli government officials at the Ministry of Economy and Industry about the possibility of operating stores in Israel.”
Haters of diversity aside, good news for all parties.
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