Israel Tenders

Get access to latest Israel tenders and bids. Find business opportunities and business intelligence from public and private procurement in Israel. Find international bid invitations and information about tenders, bids, procurement, RFPs, RFQs, ICBs and detailed analysis across all sectors from Israel.

The economy of Israel is a developed free-market economy. Israel ranks 35th on the World Bank's ease of doing business index. It has the second-largest number of startup companies in the world after the United States, and the third-largest number of NASDAQ-listed companies after the U.S. and China. American companies such as Intel, Microsoft, and Apple built their first overseas research and development facilities in Israel. The country's major economic sectors are technology and industrial manufacturing. The Israeli diamond industry is one of the world's centers for diamond cutting and polishing, amounting to 23.2% of all exports. Israel is relatively poor in natural resources, and consequently depends on imports of petroleum, raw materials, wheat, motor vehicles, uncut diamonds and production inputs. The country's nearly total reliance on energy imports may change in the future. There were recent discoveries of natural gas reserves off its coast, and the Israeli solar energy industry has taken a leading role. Israel's quality university education and the establishment of a highly motivated and educated populace is largely responsible for ushering in the country's high technology boom and rapid economic development by regional standards. The country has developed a strong educational infrastructure, and a high-quality incubation system for new cutting edge ideas to create value driven goods and services. These developments have allowed the country to create a high concentration of high-tech companies across the country's regions. These companies are financially backed by a strong venture capital industry.