Know More About Palestine
Wednesday Feb. 4, 2009 11:59 AM (EST+7)

Ranked consistently among the top five high-tech producers in the world, Israelzzz*zs market continues to grow. This is evidenced in world-wide demand for Israeli-developed applications. Israel and Sweden have the same percentage of their populations working in research and development of technology.

Israel has excelled in several fields of high level technology, notably in bio-technology, communications, and defense systems. The countryzzz*zs successful high tech companies include Checkpoint Systems, M-Systems, Comverse Technology, Amdocs and Nice Systems, which have fared well on the NASDAQ stock exchange.

Intel, Microsoft, Motorola, and Google are some of the leading international corporations that have established Israeli branches for research, development and manufacturing. Information technology, originally a state-initiated field, is now increasingly sustained through private enterprises.

GOVERNMENT INVOLVEMENT

The Israeli government invests about 4.6 percent of its gross domestic product directly into research and development of high technology making Israel the second largest market in the world. The Israeli security forces have been a driving force in the development of advanced military technology and telecommunications for intelligence purposes. Different branches of the government coordinate with the Office of the Chief Scientist to fund, supervise and oversee technological developments related to infrastructure, agriculture, and health.  

GROWTH & ADVANCEMENT

Eighty percent of approximately 3,000 Israeli high tech ventures are less than 10 years old, making it a young and rapidly-evolving market. About half of all start-ups in 2007 were in communications. Biotechnology companies have grown at a steady pace, averaging 14 percent per year in the last decade. Additionally, software- and computer-related goods and services grew from $3.6 billion in 2002 to over $6 billion in 2007.

FUTURE PROSPECTS

Israelzzz*zs high tech industry has recently experienced a brain drain as highly skilled workers seek jobs abroad. Additionally, multinational corporations with much higher pay scales have monopolized the workforce, making it difficult for local companies to compete.  The current worldwide economic recession has compounded these problems, inevitably slowing the economy.

WHAT'S NEW


BACKGROUND


POLLS


WAYS TO GET JMCC


CONTACT US


Subscribe

Al-Madaris St. (same building as
MBC and al-Arabiya studios)
First Floor, Al-Bireh
PO Box 4045, Ramallah
PO Box 25047, Jerusalem 97300
Phone: ++972-2-297-6555
Fax: ++972-2-297-6555