Manufacturing has the largest share of global investment and in the first 8 months of 2019 manufacturing accounted for over one-third of global capital investment and job creation made by foreign direct investment. Manufacturing drives trade, investment, and economic development.
Wavteq has a successful track record developing trade and investment strategies and implementing lead generation programs across most manufacturing sectors including:
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.
An official agreement was signed in Pekin 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.
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 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.
Dongsung FineTec Co. Ltd set up a pipe insulation plant creating 250 direct jobs, 492 indirect jobs in Louisiana along with $5m investment.
Wavteq Korea sourced intelligence the company was expanding and met the company to provide assistance and worked closely with Louisiana Economic Development.
Wavteq Korea provided seamless assistance to Donsung and LED to ensure the project successfully landed into the State.
As part of a Vivid Economics consortium, Wavteq provided a Diagnostics study towards attracting FDI in strategic sectors in Uganda.
This included; FDI demand side analysis, location bench-marking studies in 3 target sectors (edible oils, consumer electronics, and pharmaceuticals), design and development of sector marketing brochures and a Uganda Investor Guide, which included a comprehensive section on Why Uganda for the Uganda Investment Authority. The project also included translation into Chinese and a long-list of 250 target companies with an additional short-list of 50 prioritized target companies across 3 key sectors, as well as a target list of supply chain companies.