JERUSALEM, July 25 (Xinhua) -- The average productivity of foreign companies in Israel is twice as high as local ones, according to a special report published Wednesday by the Ministry of Economy.
The report presents the contribution of R&D (research and development) centers of international companies to the Israeli economy.
In addition, the product per employee in foreign-owned multinational companies is twice higher than Israel's local firms.
According to the report, the ratio of foreign investments to domestic products in Israel stands at 4.1 percent, higher than the global average figure of 3.1 percent.
The average wage of workers in multinational companies in Israel is 8.4 percent higher than the local companies with similar characteristics.
There are more than 320 international companies operating in Israel, 41.6 percent of which are from North America and 39.5 percent from Europe, but there has been an increase in investments from Asian countries in recent years.
