South African flag fly’s high in Dubai,
during the Annual Investors Meeting-Minister Davies
By BRIAN KAJENGO
South Africa
investment climate received a significant boost at the Annual Investors Meeting
that held in Dubai
by scooping the award for facilitating the second best investment project.
The Procter and Gamble (P&G) investment
is a commitment of R1.6 billion multi category plant which was launched by the
Minister of Trade and Industry Dr Rob Davies and the company’s vice chairman Mr
Dimitri Panayotopoulos last year.
Minister Davies says the winning of the
award for the facilitation of the second best investment demonstrates the
confidence that investors have of South Africa as an investment
destination.
“This investment also confirms that Trade
and Investment South Africa (TISA) as an investment agency within the Department of
Trade and Industry (the dti) is able to attract and facilitate large investment projects
of major multinationals and retain and
expand them. TISA has a three year investment attraction pipeline which
reflects a growing number of multinationals setting up in South Africa as their
hub and manufacturing location to supply the African continent and global value
chains”, says Minister Davies.
He
added that multinationals have affirmed South Africa as a preferred
destination
of choice
and are gearing up with new investment projects, expansions and
upgrades
to serve the African Continent with us (SA) as the manufacturing
gateway
and developing their regional supply chains.
Minister Davies stated that this is a good
story to tell as Trade and Investment South Africa (TISA) has now won the award
for the second time at the Annual Investors Meeting. He indicated that this
demonstrates the work done at TISA is able to benchmark
globally and is now a significant player in the investment promotion and
attraction fraternity.
“This was confirmed by the fDi Magazine by
crowning South Africa an
overall winner for 2013-2014 for best investment location in Africa
amongst 54 countries. The awards are a testimony to the important partnership
that we have been able to build between business and government and the role
that business is playing in the economic development of our country. The
partnership has enabled us as government to achieve our FDI’s target of R50
billion for the 2013/ 2014 financial year. And as government we will ensure
that the good story continues to inspire news ways”, stated Minister Davies.
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