J
oseph J. Sitt, a seasoned American business pioneer, is convinced that Israel is on the cusp of an economic revolution, driven by surging tech, real estate, and global investment. As he sees it, peace in the region is within reach, and this will propel Israel's economy into a "second rebirth." Sitt attributes this growth to a unique convergence of factors: a magnet for entrepreneurs from around the world, including Russia and Ukraine, who are drawn to Israel as an ideal launchpad for their businesses.
Sitt's own connection to Israel began through Yinon Gal-On's initiative, "Worlds Meet," which brings together high-net-worth individuals and influential leaders to bridge social gaps in Israeli society. As part of this delegation, Sitt was introduced to the country's vibrant entrepreneurial ecosystem. With a background in real estate and retail, he has been actively involved in shaping public opinion about Israel's war in Gaza, working behind the scenes with other business leaders to counter anti-Israel activism.
Despite being situated in one of the most challenging regions globally, Sitt remains optimistic about Israel's future. He points out that while Silicon Valley dominates global tech trends, Israel is poised to become a hub for innovation, driven by its concentration of talent and entrepreneurial spirit. "The same growth dynamics I saw in the UAE are happening right here in Israel," he notes.
One striking example of this growth is venture capital investment, which has seen some of the most active investors doubling down on Israel despite economic pressures elsewhere. Israeli startups are tackling pressing challenges in green energy and electric vehicle technology, such as storage solutions pioneered by Ogwen and wireless charging developed by Electreon.
As Sitt sees it, peace in the region will accelerate Israel's growth even further. He believes that leaders across the Middle East, including the UAE, Qatar, Saudi Arabia, Bahrain, and Oman, are genuinely working toward a peaceful resolution. "I think we're much closer than people realize," he says.
Meanwhile, real estate is quietly setting up for a massive upswing in Israel, driven by a shortage of office space, hospitality facilities, industrial zones, and high-end residential developments. At the same time, Israeli capital is expanding abroad, with institutional investors poised to take advantage of opportunities in markets like New York and Europe experiencing distress.
For Sitt, Israel is at a major inflection point, poised to become the world's next great incubator for innovation. "The sun, the moon, and the stars are aligning for Israel," he concludes. "Economic factors, technological momentum, and even political shifts – everything is coming together."
