Forbes magazine announced that it will host its Under 30 EMEA (Europe, Middle East, and Africa) Summit in Israel for the first time in April 2016.

The conference is expected to bring together some 600 young entrepreneurs, with 200 from Europe, 200 from the U.S., and 200 from Israel. The summit has been hosted in Philadelphia for the past two years. It will include presentations, speeches, a pitch competition, and cultural immersion opportunities in Jerusalem and Tel Aviv.

Rafi Rosenfeld and Nir Barzilay, the publishers of Forbes Israel, called the choice to host the conference in the Jewish state a vote of confidence from the world’s leading financial magazine.

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