Israeli Investments in Texas: Key Highlights
- Investment Figures: Israeli companies have invested $3.2 billion in Texas, creating over 4,200 jobs in the state.
- Trade Statistics: In 2024, trade between Texas and Israel reached approximately $4 billion. Texas exports to Israel were $757.9 million, with imports from Israel totaling $3.2 billion.
- Decade of Growth: Israeli companies have initiated 34 investment projects in Texas over the last decade, while Texas companies reported seven investment projects in Israel, amounting to $178.6 million in capital investment and creating 545 jobs.
- Top Investors: Notable Israeli companies investing in Texas include Wiz, Nofar, Doral, Elbit Systems, and Tower Semiconductor.
- Future Investments: Investments are expanding into sectors such as AI, cybersecurity, defense, water, and agriculture.
Additional Developments
- Texas Israel Office: Texas is in the process of establishing a trade office in Jerusalem, which will be the state’s first economic outpost in the Middle East.
- Israel Bonds Investment: In an unprecedented move, Texas will double its investment in Israel bonds to $280 million.
- Public-Private Collaboration: There are discussions of collaborations between the Tel Aviv Stock Exchange and a future Texas Stock Exchange.
Significance
These developments indicate a strong and growing economic partnership between Texas and Israel, benefiting both regions through job creation, enhanced trade, and investment in innovative sectors.
