Israel will hire hundreds more software engineers and hire thousands more software workers to develop and maintain its high-tech economy, Prime Minister Benjamin Netanyahu said on Wednesday.

The prime minister’s announcement came at a high-profile event for software developers, which included a visit to a software development company, and the announcement came as part of the government’s ambitious economic plans.

The hiring of new software engineers is one of the most important and visible aspects of the economic overhaul the government is planning, as the country’s IT sector accounts for over a third of GDP.

Netanyahu has also ordered that the number of foreign workers employed in Israel’s software sector will double from today to about 150,000.

The government hopes to attract around $3 billion (€2.3 billion) in foreign investment by 2020.

Netayahu, a leading software developer in the United States, is expected to take over the role of chief operating officer of Israel’s biggest software firm, the Tel Aviv-based Infosys.

Netahua, who is also a former software executive at Microsoft, is a senior member of Netanyahu’s cabinet, and a major shareholder in Infosy.

Infosys has about 20,000 employees, of whom about 6,000 are employed by Israel, and Netanyahu has called for a large influx of talent from the United Kingdom, Germany, China, Singapore, and others.

In a statement, the company said it would “ensure that the new talent pool for the Infosies software will be of the highest quality and will be brought in with a clear plan to ensure that they are of high quality and of high skill.”

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