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Israel has maintained its ranking among the top 20 countries investing in the UK, according to the UK Trade & Investment’s annual Foreign Direct Investment report published on Wednesday.
“I am delighted that for the second year running, Israel has improved its standing among the top 20 investing countries in the UK, having overtaken Belgium and Hong Kong,” said Richard Salt, director of UK Trade & Investment at the British Embassy in Tel Aviv. “I encourage more Israeli companies to act now to benefit from the huge investment opportunities on offer in the UK. I and my team at UK Trade & Investment based at the British Embassy, Tel Aviv, will do our utmost to help those companies to succeed.”
Israel moved to number 19 in the 2009/2010 ranking of the countries with the highest number of projects invested in the UK from number 20 in the year before.
The USA remains the number one source of investment in terms of the number of projects, which amounted to 484, followed by Japan with 107 projects, France with 99 projects, and India with 92 projects.
On a global level, UK Trade & Investment helped to attract a record
number of 759 projects in 2009, a 26 percent increase on the previous
year. The UK received investments from 54 countries around the world
last year, up from 53 the year before.
Sector by sector analysis showed that the majority of projects were
related to software and computer services, advanced engineering, and
life sciences industries.
Speaking at the UK Trade & Investment Business Summit, UK Prime
Minister David Cameron said that the Coalition Government is committed
to helping the world’s best companies thrive and grow in the UK, and is
putting policy towards inward investors at the heart of the country’s
“Attracting and retaining inward investment is hugely important for our
economic recovery,” said Cameron. “We are determined to deliver the
pro-business environment investors need; getting the deficit down to
create certainty and stability, cutting business taxes, delivering
flexible employment and cutting red tape and regulation.”