Israeli companies are on course to attract more foreign inflows this year than at any time since 2006.
Direct investment from abroad increased to more than $9 billion in the first nine months of 2013, matching the total for all of last year, according to data from the Bank of Israel. Bank Leumi Le-Israel Ltd. (LUMI), the country’s second-largest lender, expects flows to reach $13.5 billion by year-end, the largest amount since 2006.
“This year has been an absolutely amazing year in terms of the big size of deals, which we are not likely to see on the same scale in 2014,” Oren Bar-On, a senior partner at Ernst & Young in Tel Aviv, said by phone on Oct. 23.
Mergers and acquisitions among venture-backed Israeli companies are headed for the highest level in 10 years, increasing 43 percent to $4 billion this year, according to Ernst & Young Israel. In the U.S., the value of such deals in the first nine months of this year dropped 58 percent to $9.2 billion, according to the National Venture Capital Association.
Find out more on bloomberg