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WAVTEQ helps secure automotive manufacturing plant in Tunisia from SAIC Motor, China’s largest carmaker and top vehicle exporter

WAIPA Subnational IPAs Chris Knight

SAIC Motor, China’s largest carmaker and top vehicle exporter, plans to establish a joint venture manufacturing facility in Tunisia with local company Meninx Holding. The plant will specialise in the production of Morris Garage-branded vehicles and will export to African and European markets.

On September 4, 2018, an official agreement was signed in Beijing during the Forum on China-Africa Cooperation (FOCAC) in the presence of Youssef Chahed, Prime Minister of Tunisia.

The announcement follows an FDI attraction program in China, Japan and Canada delivered by WAVTEQ as part of a contract with the World Bank to support the Foreign Investment Promotion Agency (FIPA) of Tunisia to attract FDI.

WAVTEQ targeted automotive, aerospace, electrical components and agribusiness companies in China to promote the investment opportunities in Tunisia, with SAIC one of the key companies identified as having strong FDI potential for Tunisia.

WAVTEQ organized an investor prospecting mission to China in May 2018 for senior staff from FIPA to meet with high potential Chinese investors.

WAVTEQ’s China team facilitated the meetings between senior representatives of SAIC Motors and FIPA’s government delegation, which fostered a comprehensive and reliable introduction of Tunisia’s automotive sector and the government support available.

We wish SAIC and the new Joint Venture the best of success and we would like to thank the World Bank and FIPA for appointing WAVTEQ to help secure investments into Tunisia


Sources

http://www.mofcom.gov.cn/article/i/jyjl/k/201809/20180902784012.shtml
https://www.ecofinagency.com/finance/0509-38919-saic-motor-to-build-a-car-manufacturing-plant-in-tunisia


About WAVTEQ - "The strongest track record in delivering FDI transactions"

WAVTEQ works with over 300 EDOs and IPAs delivering 1000s of investment transaction opportunities. Working on behalf of government clients, our team has helped secure $50 billion in realized greenfield investment projects from over 1,000 companies.

Our largest FDI transaction successes in 2018 YTD include:

  • The largest Japanese manufacturing project worldwide in 2018 (in United States)
  • Automotive OEM plant by China’s largest auto company (in Tunisia)
  • $0.5 billion of manufacturing and construction FDI projects from the UK (in Jordan)
  • $100 million manufacturing plant from one of India’s largest firms (in UAE)

With 80 FDI consultants in 10 major source markets for FDI, WAVTEQ has unique global capability for FDI attraction. Please contact us for more information on our lead generation programs, road shows and trade shows, and organization of FDI seminars and events.


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