The EIB has worked with Israel since 1981. The Bank operates in Israel in line with the European Neighbourhood Policy (ENP) and other EU bilateral agreements.
The EIB has contributed to the development of Israel’s desalination programme by financing four public-private partnership (PPP) Sea Water Reverse Osmosis (SWRO) desalination plants, as well as the extension of an SWRO plant, via an EIB investment of €560 million. The newest plant, financed in 2020, is the largest desalination plant operating in the EU Southern Neighbourhood. Together, these plants provide 577 million cubic metres of water per year.
In April 2020, the EIB signed a collaboration with the Israel Innovation Authority and a €50 million financing agreement with Pluristem to develop therapies for COVID-19 and other unmet medical needs.
Through Innovfin Infectious Diseases, part of the Horizon 2020 programme, we also support Israel’s smart investments in basic research, an important catalyst for establishing globally leading industries in Europe. For example, in 2017, we invested in the development and production of BiondVax’s Universal Flu Vaccine Candidate designed to protect against current and future, seasonal and pandemic flu strains.
Another equity investment was made by the European Investment Fund (EIF), part of the EIB Group, in the ICV III fund to support seed and early stage companies promoting new technologies and business models.
At a glance
The EIB provides finance and expertise for sound and sustainable investment projects in Israel.
1981
2.86 Mrd. €
EIB stories in Israel
General stories speak louder than general policies. Discover how EIB activities have improved the quality of life in Israel.
Get EIB support in Israel
We can provide you with various type of financing to implement projects that promote growth and jobs in your country. We support small businesses, innovation, climate and infrastructure. Get an overview here for the whole EIB Group product range*
* These products refer to EIB activity worldwide and may not apply to EIB operations in the Southern Neighbourhood.
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