Israel Contracts

Israel has a diversified, technologically advanced economy with substantial but decreasing government ownership and a strong high-tech sector. Despite limited natural resources, Israel has intensively developed its agricultural and industrial sectors. The Israeli diamond cutting industry is one of world's major centers in cutting and polishing of the precious stone. Another hard proof of the nations success in attractive foreign investors is the presence of multinational companies in the country such as Microsoft, IBM, Intel, Motorola and Cisco Systems. Cuts diamonds, high-technology equipment, and agricultural products (fruits and vegetables) are the leading exports. Israels vigilant fiscal policy and structural reforms has helped to induce strong foreign investment, tax revenues, and private consumption, setting the economy on a solid growth path.