For people who like to make money -- and who take the long-range view -- now is the time to invest in the Israeli economy, despite the current situtation, according to Stanley Gold, president and CEO of Shamrock Holdings, the investment arm of the Roy Disney family.
For some time, Shamrock has been the largest private investor in Israel. With a new capital-growth fund of $170 million fully subscribed, of which $65 million is earmarked for Israel, Gold is looking for new opportunities.
"The combined effects of the intifada and the world recession have stopped the kind of Israeli economic growth we saw in the mid-1990s, and a lot of investors got scared and ran away," Gold says. "We look on this as an opportunity to buy at bargain prices and reap the rewards later."