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November 17, 2009
Israel thrives as the Silicon Valley of the Middle East

The high-tech industry has become the backbone of Israel’s economy with 46 percent of exports coming from the industrial high tech sector. Worldfocus correspondent Martin Himel takes a look at the businesses and entrepreneurial players of the Middle East’s Silicon Valley.

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10 comments

#10

[…] Israel thrives as the Silicon Valley of the Middle East […]

#9

Agreed! Straight from a Silicon Valley Executive, that is an embarassing analogy!

#8

[…] The high-tech industry has become the backbone of Israel’s economy with 46 percent of exports coming from the industrial high tech sector. Worldfocus correspondent Martin Himel takes a look at the businesses and entrepreneurial players of the Middle East’s Silicon Valley. Read more at http://worldfocus.org/blog/2009/11/17/israel-thrives-as-the-silicon-valley-of-the-middle-east/8458/ […]

#7

I beg to differ. Israel thrives on the billions of Amwerican taxpayers given to it to opress the Palestinians and wage war on its neighbors. Take away all US aid and we’ll see how much they’ll prosper and how much their “Silicon Valley” is going to do for them.

Stop Israel war crimes! Boycott, divest, sanction!

#6

In a way Obama handled close, or more, of a trillion dollars to the big banks. Thinking was that they will lend to the small businesses in the USA that comprise 85% of the economy. Guess what? They have used the moneys to continue the old ways of speculating. Very little to none has gone to small businesses. Now unemployment has reached over 10%.

What has this to do with Israel’s Economic MIracle? The Start-Up Nation as described by Dan Senor and Saul Singer in their just published book? Well, when major US companies like Intel and Google say their dependence on Israeli entrepreneurs is such that they could not continue to grow, that just stops Israel-bashers cold. The money generated by these companies in the USA is certainly much larger than their investments in Israel.

#5

As one who worked in Israeli “hi tech” in the 1980s, I can say with full certainty that almost every US hi-tech company who set up R&D facilities in Israel didn’t come primarily for the tax breaks or because they are Zionists. They came for the same reasons US companies go anywhere – for a resource or a market. IN Arabia, the resource they seek is oil. In Israel, it’s the high caliber and innovativeness of Israel’s technical talent.

#4

to karl #1:Again and again myth and lie about U.S. taxpayer support! Karl, what about brain or for high tech require only “US taxpayer’s money”?? US consumers are overpaying for Arab oil about 300 billion a year; where is Arab “high tech”??

#3

To #1: please provide some specific examples.

#2

This sounds like the fantasy world of an Israel basher. Did you just fabricate this out of whole cloth? There are no “US taxpayer funded contracts that really should be going to U.S. companies” and there aren’t any “U.S. taxpayer funded tax breaks that U.S. companies in other nations do not receive.”

#1

It’s not all that it appears! Israeli high tech companies are often the beneficiaries of US. taxpayer funded contracts that really should be going to U.S.companies. Furthermore those U.S. high techs that operate in Isreal receive U.S. taxpayer funded tax breaks that U.S. companies in other nations do not receive. Without U.S. taxpayer support there would be very little of an Israeli high tech industry.

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