Israeli Prime Minister, Benjamin Netanyahu, announced that Oracle Corp is contemplating expanding its investment presence in Israel. During a meeting with Oracle CEO Safra Catz in Jerusalem, Netanyahu highlighted the company’s keen interest in investing in Israel’s thriving sectors, including cloud computing, artificial intelligence, and cybersecurity.
While Catz refrained from making specific announcements, she emphasized Oracle’s dedication to Israel, expressing a perpetual pursuit of avenues to enhance their business operations within the country.
Oracle is already a prominent player in Israel’s technology industry, boasting a substantial research and development center and providing employment to thousands of individuals.
Netanyahu’s meeting with Catz coincides with Israel’s ongoing efforts to attract additional foreign investments. The Israeli government has been diligently working towards improving the nation’s business climate and facilitating smoother operations for international companies.
Significance of this development
Oracle, being a major global technology corporation with a robust presence in Israel, considering an expansion of its investment activity, signifies a vote of confidence in both the Israeli economy and its thriving tech industry.
A potential increase in Oracle’s investment in Israel holds the promise of job creation, economic growth, and further positioning Israel as an appealing destination for foreign investments.
