º£½ÇÊÓÆµ

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Opinion

Business Editor Sion Barry gives his verdict on the Wales Investment Summit

Will it in future years take on Max Boyce like "I was there" status?

First Minister Eluned Morgan at the Wales Investment Summit.

It was more than a year in planning but like all the effort that goes into Christmas Day the Wales Investment Summit was over in a flash.

Staged earlier this week at the ICC Wales in Newport it was one of the first announcements of First Minister Eluned Morgan after being appointed without a contest amongst Labour members of the Senedd, in August last year.

No doubt a number of civil servants might have hoped to be able to kick it into the long grass, but with the First Minister referencing it at every available opportunity - although I am not sure if she told her milkman - it probably seemed pointless to even try.

So, 300 delegates from around the globe showed up to hear what was so special about a little country on the western edge of Europe.

A little after 9am, having been introduced by presenter Sian Williams, the First Minister bounded onto the stage and like a Deep South televangelist - which seems fitting with the biblical-like storm outside and which a day earlier at one stage threatened to put the venue out of action - gave a pretty impressive address.

She enthused about wanting to “put a rocket booster under the Welsh economy,” the values and welcoming nature of the Welsh people and sectors where Wales has competitive advantage, such as compound semiconductors and advanced manufacturing. She referenced her government’s bilingual credentials and the aim of getting the number of Welsh speakers to one million from the current 700,000 by 2050.

She was in full flow and confident enough to get delegates to try a few Welsh words; so cue a pretty impressive group effort on bore da (good morning) and diolch (thank you). In the row ahead of me her words were being translated to one delegate. It might have been Mandarin, but whatever the language they seemed engaged.

She then told delegates that in every Apple iPhone there is compound semiconductor technology produced in Wales. She was of course referencing IQE, but I guess there was little point in mentioning the fact that the company’s share price has hit rock bottom, in part driving by investors shorting the stock.