The First Minister will meet multinational
businesses and investors at the International Investment Summit
in London today.
The Summit is the UK Government's flagship investment event,
bringing together 300 industry leaders to discuss investment and
showcase the strengths that exist across the UK nations. The
First Minister will meet current and prospective investors to
Wales at the Summit.
Wales is home to 1,480 foreign-owned companies, employing almost
175,000 people, including in growth industries such as compound
semiconductors, fintech, cyber security, marine energy, next
generation manufacturing and life sciences.
Wales has seen major overseas investments announced recently.
Last month, Turkish conglomerate Eren Holdings announced a £1
billion investment which will secure 300 jobs on Deeside, with
support from the UK and Welsh Governments. Earlier this month
Kellanova, the American multinational which produces Kellogg's
breakfast cereals, announced a £75 million investment which will
create 130 new jobs in Wrexham.
First Minister said:
“Inward investment plays a critical role in Wales' economy and
supporting my government's ambitions for growth. The impact
overseas investment has on our economy is profound, generating
higher wages, better productivity and greater investment in
research and development.
“We've seen some really exciting international investments into
Wales in recent weeks, and I want to keep those investments
coming into all parts of Wales, leading to long term growth and
job creation.
“It's vital we seize every opportunity to attract investment into
Wales. I will be doing all I can as First Minister to meet with
key industry decision-makers and promote Wales as a fantastic
destination for investment.”
