Foreign investment updates in emerging markets
Update
Dentsu MENA, a leading media and advertising network, has officially inaugurated its regional headquarters in Riyadh, Saudi Arabia. This move signifies a major commitment to Vision 2030, the Kingdom's ambitious development program. Dentsu's decision to establish its regional headquarters in Riyadh is a testament to its
Update
According to Reuters, Volkswagen is stepping on the gas in South Africa, announcing a 4 billion rand ($210.67 million) investment to gear up its Eastern Cape plant for the production of a brand new SUV starting in 2027. This move strengthens South Africa's position as Africa'
Update
According to Bloomberg, Standard Bank Group Ltd., Africa's largest lender, is expanding its reach into North Africa with a new representative office planned for Egypt by the year-end of 2024. This move capitalizes on the growing trade between Africa and the Middle East. "We have been looking
Update
According to China News, Tesla has announced plans to open its first Megapack Super Factory outside the United States in Shanghai, China. The factory is scheduled to break ground in May 2024 and begin mass production in the first quarter of 2025. The Megapack Super Factory will produce Megapack, a
Update
According to Korea Economical Daily, South Korean food gaint Paldo is ramping up its presence in Vietnam with the completion of its second factory in the country. This strategic move highlights Paldo's commitment to the Vietnamese market and its ambitious plans to become a major regional food and
Update
BNP Paribas, a major global financial group headquartered in Paris, has secured approval from the China Securities Regulatory Commission (CSRC) to establish a fully owned securities brokerage unit in China. This marks a significant step for BNP Paribas as it expands its presence in the world's second-largest economy.
Update
OTR Engineered Solutions (OTR), a leading provider of off-the-road tire, wheel, and track solutions, announced the opening of its new facility in Apodaca, Mexico. Scheduled to begin operations on 1 August 2024, this strategic expansion will bring OTR's global footprint to 32 locations. This expansion allows OTR to
Update
Tata Consultancy Services (TCS), a leading global provider of IT services, consulting, and business solutions, announced the opening of a new delivery center in Londrina, Paraná, Brazil on 15 April 2024. Boosting Job Creation and Innovation The new center is expected to generate over 1,600 new jobs in Londrina
Update
Alstom, a global leader in smart and sustainable mobility solutions, is making a significant investment in its Hungarian bogie frame factory located in Mátranovák. Through a HUF 6 billion (€15.4 million) development program launched as part of the Mátranovák 2030 Programme, the company aims to boost production capacity by
Update
German automaker Volkswagen is making a major commitment to China's electric vehicle (EV) revolution with a 2.5 billion EUR investment in its innovation hub in Hefei, Anhui Province. This strategic move highlights Volkswagen's focus on accelerating localization and catering directly to the needs of Chinese
Update
John Crane, a global leader in rotating equipment solutions, recently announced the opening of its new Dry Gas Seal Rio Claro Service Center in Brazil. This new facility expands John Crane's presence in Latin America and offers customers a wider range of services. Located in São Paulo, Brazil,
Update
The Ascott Limited (Ascott), CapitaLand Investment Limited's lodging business unit, has announced the grand opening of Citadines Paras Square Gurugram. This marks Ascott's exciting debut in North India. Designed for business travelers seeking a blend of comfort and exceptional service, Citadines Paras Square Gurugram boasts a
Update
AstraZeneca, a global leader in biopharmaceutical research, recently signed a cooperation agreement with the Wuxi National High-Tech Industrial Development Zone Management Committee to invest $475 million in building a new small molecule drug factory in Wuxi. The groundbreaking ceremony for the new factory was also held today. This is another
Update
GoodWe, a Chinese manufacturer of solar inverters, recently celebrated the inauguration of its new factory in Vietnam. This significant development marks a major step forward for GoodWe's global ambitions. The factory, which spans an impressive 14,800 square meters, is designed in two phases. Phase I boasts production
Update
UTAS-NOVA Automotive Lighting Systems México, a Chinese automotive lighting company, is making an investment of over US$36.3 million to establish a new plant in Aguascalientes. This venture will not only mark UTAS-NOVA's entry into Mexico but also create 220 new jobs, contributing to the local economy.
Update
Australian project management consultancy, Newstead Connect, has announced a significant milestone – their first international office in Riyadh, Saudi Arabia! Founded in Brisbane in 2020, Newstead Connect offers a comprehensive suite of project management services, including advisory, project controls, cost management, claims & disputes, and business intelligence. They've built