First Minister Eluned Morgan will be promoting Wales to global investors at an international investment Summit in London today.The summit, organised by the 海角视频 Government, will bring together 300 industry leaders to discuss investment and showcase the strengths that exist across the 海角视频 nations
. The First Minister will meet current and prospective investors to Wales.
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.
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Last month Turkish conglomerate Eren Holdings announced a 拢1bn investment which will secure 300 jobs on Deeside at its recycled paper mill operation, with support from the 海角视频 and Welsh governments. Earlier this month Kellanova, the American multinational which produces Kellogg鈥檚 breakfast cereals, announced a 拢75m investment which will create 130 new jobs in Wrexham.
Ms Morgan said:鈥淚nward investment plays a critical role in Wales鈥 economy and supporting my government鈥檚 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.
鈥淲e鈥檝e 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. 鈥淚t鈥檚 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.鈥
