Texas Increases Investment in Israel Bonds to $280 Million, Strengthening Economic Ties
Texas has doubled its investment in Israel bonds from $140 million to $280 million, the largest single investment in state history. This move elevates Texas to the second-largest U.S. state investor in Israel bonds. The Texas Economic Development & Tourism Office is also setting up a State of Texas Israel Office in Jerusalem to enhance trade and innovation ties, reflecting a bilateral trade relationship nearing $4 billion annually.
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Texas has announced a doubling of its investment in Israel bonds from approximately $140 million to $280 million, the largest one-time investment in these securities in state history. This increases Texas's ranking to the second-largest U.S. state investor in Israel bonds.
The investment signifies a robust partnership between Texas and Israel, which has existed since 1994. Additionally, Texas is establishing a State of Texas Israel Office in Jerusalem, its first international office in the Middle East, aimed at strengthening trade and innovation ties. Bilateral trade between Texas and Israel approaches $4 billion annually, encompassing sectors such as defense, energy, and cybersecurity.
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