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Monday, August 20, 2007

Water Technology Exports May Reach $1 Billlion

(Image Credit: Tulpehocken Mountain Spring Water)

Israel's water technology sector may reach over a billion dollars in exports by the end of this year!

(Globes Online) A Ministry of Industry Trade and Labor survey of Israel's water technologies industry predicts that exports will grow 28% to $1.1 billion in 2007. The sector had $850 million in exports in 2006, up 21% on 2005. The ministry attributes the sector’s rapid growth to higher sales by existing companies and exports of newly launched products by start-ups.

270 companies and institutes are active in the water technologies sector, including 60 start-ups. The industry has an estimated 8,000 employees.

Despite the fact that the nation of Israel is located in (what some may call) a desert, through innovation Israel has been able to turn this wasteland into an oasis.

Israel is already recognized worldwide for its contributions towards this industry, with countries like China interested in acquiring the "know how" when it comes to dealing with H2O.

Currently the water industry market is hovering over $400 billion (according to Globes), and it will be interesting to see Israel's influence in the arena grow as the demand for expertise expands in the near future.

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1 comment:

  1. In the UK we reguarly have droughts despite being in one of the wettest climates on the planets - there is water and greenery everywhere one looks.

    I have resivoir 1 minutes from my house, 3 rivers within 2 minutes and a laske within 5 minutes away... Yet every year our water companies loose 50% of our water through leeks.

    It's amazing how Israel with no water can provide better water services than a nation like England.


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