According to the Israeli Central Bureau of Statistics, the number of Israelis leaving Tel Aviv has surged to 55,000 since the start of 2024.
Most of those departing are families, seniors, and highly educated individuals, as reported by Israeli media on Sunday.
The migration trend has been attributed to the ongoing war, which has prompted many business leaders and investors to relocate their assets outside of Israel.
Henley & Partners, an international investment migration consultancy based in London, confirmed that the conflict has for the first time led a significant number of entrepreneurs to move their capital abroad.
A recent report by Henley & Partners revealed that Israel’s ranking as a top investment destination has dropped.
In their annual list of the 20 most attractive countries for investment, Israel fell to 12th place in 2023, down from 8th in 2022. This decline highlights the negative impact the conflict is having on the country’s appeal to investors.
The report, published by the Israeli economic platform Globes, emphasized that the ongoing war is discouraging many business leaders from pursuing investment opportunities in Israel. Instead, they are opting for safer regions to conduct business.
Dan Makaroni, an expert at Henley & Partners, noted that this dramatic shift underscores how the conflict has not only affected Israel’s image as a secure investment hub but has also jeopardized its broader economic achievements.
