Tel Aviv is the third best place in the world for technology business, according to a new report by property consultants Savills. Austin took the top spot, followed by San Francisco. Savills surveyed 12 global cities with strong tech environments. The scores were measured according to five metrics: business environment, tech environment, quality of life, talent pool and property affordability. New York, Stockholm and London came fourth, fifth and sixth respectively in the overall ranking.
Interestingly, what has prevented Tel Aviv from reaching the top spot is a low score in quality of life. Surely something that should be easy to fix for a city sitting on the Mediterranean seaside!
Multinational R&D centers located within the Tel Aviv-Yafo metropolitan area include Google, Apple, Barclays, Motorola, BMC Software, Broadcom, EMC, Microsoft, GM, Amdocs, SAP, Applied Materials, Marvell, Oracle, HP, and Cisco.
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