Israel Export and International Cooperation Institute reported last week that the participation of Israeli companies in international projects grew in 2005 by 150%, rising to $1.5 billion from $600 million in 2004
Export Institute chairman David Arzi noted in a press release that Israeli participation in international projects included $500 million in the export of professional services, and $1 billion in products.
The report noted that 12 international tenders worth over $50 million were won by Israeli companies in 2005, for projects, financed by international banks, in developing countries; Turkey, Romania, Ethiopia, Bosnia, Nigeria, Cyprus.
Arzi also noted that policy changes made last year in the operations of ASHR'A - The Israel Export Insurance Corp. Ltd. cleared the road for the renewed activity by Israeli companies in international projects.
