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September 19, 2014 / 24 Elul, 5774
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Netanyahu to Address Davos Forum on ‘Israel – Innovation Nation’

Prime Minister Binyamin Netanyahu will travel Wednesday to the 2014 World Economic Forum in Davos, where he will deliver an address under the heading “Israel – Innovation Nation,” with an emphasis on the cyber industry.

He also will attend the IT session, in the presence of Cisco CEO John Chambers, and a cyber session that is expected to draw dozens of corporate managers and senior government officials from countries active in the field.

Prime Minister Netanyahu is due to meet with Yahoo President and CEO Marissa Mayer and with Google Senior Vice President and Chief Business Officer Nikesh Arora and will emphasize Israeli innovation and the technological leadership of the Israeli high-tech industry in order to expand economic cooperation with the two companies.

Google has bought out Israeli firms, most notably Wade, for which it paid more than $1 billion. It also has established an active presence in Israel, including a research and development center.

“Israel is an exception on the Western economic scene,” Prime Minister Netanyahu said Tuesday, “We have succeeded in dealing with the global economic crisis better than almost all Western countries. But we cannot rest on our laurels. We need to develop new markets and new partners and this is my goal in going to Davos. My intention is to talk with leading global high tech companies, in the cyber and other fields, in order to tell them to come to Israel, invest in Israel and create jobs in Israel.”

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