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Palo Alto set to expand in Israel with a real estate deal worth hundreds of millions of shekels

Palo Alto Networks, a cybersecurity giant listed on Nasdaq with a market value of $125 billion, is planning a significant expansion in Israel. The company has recently leased approximately 27,000 square meters in Tel Aviv and is negotiating to acquire a site of 60 to 80,000 square meters in the Tel Aviv area to consolidate all its Israeli operations. This move is part of an ongoing expansion strategy in Israel, further supported by Palo Alto's intention to list on the Tel Aviv Stock Exchange. However, local political and economic concerns, such as upcoming elections and potential government changes, could impact these plans. The article also highlights skepticism regarding the availability of local workforce, with comments on the brain drain of Israeli talent to foreign countries, particularly Berlin.