Venture launched by Israeli high-tech companies will create 12,000 high-tech jobs for Israel’s Arabs
Cisco Systems Inc. CEO and Chairman John Chambers made the announcement at the Israeli Presidential Conference. The campaign will help create 12,000 high-tech jobs in Israel’s Arab sector over the next four years.
Arabs make up roughly one-fifth of Israel’s 8 million citizens. While they enjoy full citizenship rights, they are generally poorer and less educated.
“If we can move to 12,000 (new employees) within four years, it would be an indication of what’s possible.”
Cisco is the program’s main source of funds. Other participants include Google Inc., Intel Corp., IBM Corp. and Check Point Software Technologies Ltd.
“No government or policy could do it. You need the companies,” said Israeli President Shimon Peres.
Several new companies joined Maantech, including Israeli telecommunications giant Bezeq, Cadence Design Systems Inc. and OnTarget Communications, according to a statement from the Israeli president’s office.