Foreign investment updates in emerging markets
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Egypt's Suez Canal Economic Zone (SCZone) announced a major new project: a jeans factory built by the Turkish textile leading company, Eroğlu Group. A Partnership for Growth The official signing ceremony took place at SCZone's headquarters in the Administrative Capital. Waleid Gamal El-Dien, Chairman of SCZone,
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German defense and automotive giant Rheinmetall is expanding its footprint in Central Europe with a brand-new "hybrid" plant in Szeged, Hungary. The groundbreaking ceremony, held on 26 March 2024, was a star-studded event attended by Hungarian Minister of Defence Kristóf Szalay-Bobrovniczky, Szeged Mayor Dr. László Botka, and other
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The renowned hair and nail care brand Wella Company has officially opened its new distribution center in Extrema, Brazil. This facility marks a significant milestone for Wella, being their third-largest distribution center globally. A Sign of Independence and Growth This new chapter aligns with Wella's recent independence from
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Shimizu Corporation, a leading Japanese construction company, has relocated its base of operations for Africa from Dubai, United Arab Emirates, to Nairobi, Kenya. The new office, situated in Nairobi's prestigious Britam Tower in Upper Hill, officially opened its doors on 10 January 2024. Africa's Rising Growth
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Nippon Express (Vietnam) Co., Ltd. (NX Vietnam), a subsidiary of Nippon Express Holdings, Inc., has expanded its operations in Vietnam with the opening of a new office in Da Lat City on 22 February 2024. Why Da Lat? Located in Vietnam's Central Highlands at an altitude of 1,
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Japanese internet and network solutions provider, IIJ Global Solutions, has expanded its presence in China with a new sales office in Wuxi, Jiangsu Province. Wuxi is a major industrial hub in China, particularly for electronics, technology, and semiconductors. The new office will allow IIJ to better serve existing customers in
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Malaysia is welcoming its first-ever Japanese university branch campus. The University of Tsukuba, located northeast of Tokyo, will open its doors in Kuala Lumpur in September 2024. The new campus, called the School of Transdisciplinary Science and Design, aims to equip students with the skills to tackle pressing global issues
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In Q1 2024, The US Tech giant IBM made significant investments and expanded its presence in Riyadh, Saudi Arabia. Based on publicly available news reports, here's a summary of the key developments. On 22 January 2024, IBM officially opened its regional headquarters in Riyadh. * IBM strengthens its presence
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Asian electronics manufacturer Etron Technology, headquartered in Taiwan, has leased 3,600 sq m of production space at CTPark Oradea Cargo Terminal, according to the announcement made by European real estate developer CTP. This move signifies Etron's plan to establish a high-tech production facility in Europe and expand
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Micron Technology, a leading global semiconductor company, recently announced the groundbreaking of its new packaging and testing factory in Xi'an. The project, with a total investment of 4.3 billion yuan, will further strengthen Micron's commitment to its operations, customers, and community in China. The new
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Tech giant Microsoft recently acquired a substantial plot of land (over 1 million sq ft) in the Pulai area of Johor, Malaysia, from Crescendo Corporation Berhad (CCB), a local property development firm. While the official purpose hasn't been confirmed, the land restrictions suggest it's likely intended
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South Korea's cybersecurity company, AhnLab Inc., has joined forces with Saudi Arabia's information technology champion, SITE, to establish a joint venture (JV). This strategic partnership aims to significantly enhance cybersecurity solutions and services for businesses and public institutions across Saudi Arabia. The new JV, launching in
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Asep Medical Holdings Inc., a Canada-based medical services company, announces a significant milestone in its joint venture with Sansure Biotech Inc. ("Sansure"), a leading Chinese biotech company. The joint venture company, Hunan Sanway SepSMART Ltd., has successfully obtained its business license and is now officially registered in Changsha,
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The BMW Group and NTT DATA Romania have inked a deal to establish a Joint Venture (JV) in Romania, signaling BMW's commitment to enhancing its global IT network and tapping into local software talent. The agreement, subject to regulatory approval, leverages NTT DATA's expertise in agile
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Cybersecurity leader eSentire has expanded its global footprint with the launch of a new Technology Innovation Center in Bengaluru, India. This move strengthens eSentire's access to a talented pool of engineers specializing in cybersecurity, generative AI, and low-code automation. The center's primary focus is accelerating the
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According to a press release, the BMW Group and Tata Technologies, a global leader in product engineering and digital services, have inked a deal to establish a joint venture (JV) aimed at creating a software and IT development hub in Pune, Bangalore, and Chennai, India. While the primary development and