| Representative Business Costs in Israel A well-trained workforce, a proven track record and overall cost effectiveness, contribute to Israel’s high investment potential. From rent to employee salaries to utilities, there are many direct cost saving factors for businesses based in Israel. 1. Average rental costs of office space per square meter in Israel Tel-Aviv: § Centrally located: $10-$12 + $2-$4 management fee = $12-$16 § Hi-tech industrial park: $10/11 + $3 management fee = $13/14 (fully fitted) § Regular Industrial Premises: $6 Haifa: § Centrally located: $6-$8 § Hi-tech industrial park: $10 + $1.5 management fee = $11.5 (fully fitted) § Regular Industrial Premises: $6 Jerusalem: § Centrally located: $12 § Out of town: $10 § Most industrial parks including hi-tech parks: $10 § Atarot Industrial Park: $2.5 Israel Development Areas: § Frequently just 40-60 kilometers from the main business centers. § Centrally located: $6-$8 § Regular Industrial Premises: $2-$4 Note: All real estate prices in Israel are quoted in USD 2. Average monthly salary in Israel Israel Salary | Unskilled Worker | Skilled Worker | Secretary | Academic Professional | Manager | | US$ | 821 | 1,380 | 1,319 | 2,479 | 3,444 | | Annual (US$) | 9,852 | 16,560 | 15,828 | 29,748 | 41,328 |
Note: Salaries in development towns may be 10-20% lower for skilled workers and 5-10% lower for unskilled workers. 3. Electricity costs in Israel Time of Use Tariff (Excluding VAT): For customers with yearly consumption over 60,000 KWH Low High Extra High Voltage Voltage Voltage A. Fixed Monthly Charge (USD) 43.64 71.47 71.78 B. Charge Per KWH (USD) Summer Peak .1834 .1536 .137 Shoulder .1069 .0863 .0769 Off Peak .0465 .0311 .0255 Winter Peak .1574 .1318 .1191 Shoulder .0892 .0712 .0642 Off Peak .0443 .0290 .0236 Spring and Autumn Peak .1176 .0992 .0921 Shoulder .0781 .0616 .0555 Off Peak .0447 .0296 .0242 4. Water costs in Israel Industrial water rates: 0.44 - 0.50 USD per cubic meter Exchange rate (February 7, 2005): $1=4.37603 New Israeli Shekel | 
