A new investigation, The Netherlands-Israel Investment Files, says the Netherlands has become a key financial hub for Israeli companies, helping channel billions of euros in investment despite Israel's ongoing genocide in Gaza.
The report argues that Dutch tax policies and investor-friendly laws have made the country a gateway for capital flowing both into and out of Israel.
According to the investigation conducted by SOMO Amsterdam, the Netherlands received €44.9 billion in Israeli investment in 2024, almost four times more than the United States, making it the largest destination for Israeli capital worldwide.
Dutch investment in Israel also reached €27.3 billion, making the Netherlands Israel's second-largest foreign investor after the US.
The report says major Israeli arms manufacturers, technology firms and multinationals—including Rafael, Elbit Systems, Check Point Software, Teva Pharmaceuticals and ICL Group—use Dutch subsidiaries or headquarters to manage European operations and international investments.
Rather than using its economic leverage to pressure Israel over violations of international law, the Netherlands has continued to facilitate the growth of the Israeli economy.
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