Columbia International Affairs Online: Working Papers

CIAO DATE: 04/2013

Outward FDI from Israel's Largest MNEs Continues to Rise in 2011

April 2013

Columbia Center on Sustainable Investment

Abstract

Recanati Business School of Tel Aviv University, The Manufacturers Association of Israel, and the Vale Columbia Center on Sustainable International Investment (VCC), a joint center of the Columbia Law School and the Earth Institute at Columbia University in New York, are releasing the results of their fifth annual survey of Israeli multinational enterprises (MNEs) today. The survey is part of the Emerging Market Global Players (EMGP) project, a long-term study of the rapid global expansion of MNEs from emerging markets. The results released today focus on data for the year 2011. The survey results show that foreign assets of the top 20 Israeli MNEs exceeded US$ 18 billion in 2011, an increase of about 14% over the previous year. Among those MNEs, their holdings of foreign assets varied widely, ranging from over US$ 5.3 billion to US$ 27 million. In terms of geographic distribution, the operations of the top MNEs continued to be concentrated in Europe and North America, though their presence in Asia has been rising. In addition to several conglomerates, the top 20 was headed by knowledge-intensive companies. Smaller, high tech companies producing computer-based hardware, software and business services constituted the largest group in terms of numbers.