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July 9, 2012 10:05 am

Red Hot: Foreign Direct Investment into Israel Doubles

avatar by Algemeiner Staff

Tel Aviv Stock Exchange in Ehad Haam Street. Photo: Sambach.

Foreign direct investment into Israel doubled in 2011, from the previous year, according to a report from the United Nations Conference on Trade and Development.

$11.37 billion of FDI went into Israel in 2011, 106% more than the $5.51 billion in 2010.

Global FDI rose by 16% over from 2010 to 2010, with $1.5 trillion being reported for last year, according to the UN report.

Before the global financial crash of 2008, Israel’s 3 year average of FDI, from 2005-2007, came in at $9.63 billion.

The UNCTAD report notes that FDI is expected to slow on a global scale in 2012 as returns in emerging markets wain and a resurgence in economic uncertainty spreads around the world.

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