Forbes magazine announced on Tuesday that it will host its Under 30 EMEA (Europe, Middle East and Africa) Summit in Israel for the first time this coming April. The conference is expected to bring together some 600 young entrepreneurs, with 200 from Europe, 200 from the United States and 200 from Israel. The Under 30 Summit has been hosted in Philadelphia for the past two years. The conference 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, released a statement saying they were both "happy and proud to be a part of the first international conference of its kind, which will bring 600 of the most influential young people in the world to Israel." The choice to host the conference in Israel is a vote of confidence from the world's leading financial magazine, they said. Randall Lane, editor of Forbes magazine, said, "We look forward to bringing our successful Under 30 Summit to the EMEA region, and there is no better place than the 'startup nation,' where innovation is at the core of everything that is going on."