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26 October 2017

Autumn of record results

A 44% value growth of supported investments, the domination of Asian investors and the advancement of R&D sector into TOP 3 of most numerous projects - this is how investment portfolio of the Polish Investment and Trade Agency could be described. What is more, this autumn, the Agency completed two record-breaking projects.
October’s portfolio includes 187 active and 51 completed FDI projects. The value of the projects supported by the Agency totals over EUR 6 billion – EUR 1.8 billion more than in the corresponding period last year (an increase of 44%). On the other hand, the declared number of new jobs reached 60.000 compared to 59.200 in 2016, therefore it grew by 6.700. Completed projects’ value amounted to EUR 1.77 billion (an increase of EUR 700 million y/y). Once the all projects implemented, as many as 14.700 people may be hired (a growth of 4.000 y/y).
 

 
The biggest group of FDI projects supported by PAIH is represented by business service sector (BSS). These are 63 investments, worth EUR 144 million. Second place went to automotive industry, which projects value stands at EUR 1.6 billion, hence it doubled in the recent 12 months. What’s interesting, R&D sector advanced into third position - as many as 16 investments are active in the portfolio. Their value totals EUR 14 million.
 
“Poland is the regional leader in BSS/BPO sector. World’s major players know that there is extremely qualified staff in Poland and their services could be offer so highly only here”, PAIH vice-president Krzysztof Senger comments.

 
When looking at PAIH portfolio in terms of the country of origin of investments, the leading position is held by the US. American investors are now managing 60 FDI projects with the agency support. It total, US FDI are worth nearly EUR 1 billion (EUR 993.4 million). The second place is occupied by Germany.  German FDIs are worth the most in the ranking, that is EUR 1.04 billion (a rise by 25% y/y). Interestingly, the Chinese FDI CAPEX is nearly equal to the German FDI CAPEX, despite the fact that when it comes to the number of projects, China stands in the 4th place.
 
“Chinese entrepreneurs invest in greenfield projects more often. The Asian dominance in our portfolio makes us very happy, because, likewise the investors from the Far East, we are interested in long-term and stable relations”, Senger adds. Japan is also among the biggest investors, gaining third place in our ranking.

 
The largest investment, concerning value, completed by PAIH was Korean LG Chem’s electric vehicle battery plant. Construction costs of the factory established in Kobierzyce (Dolnośląskie voivodship) amount to over EUR billion. The completion is scheduled in 2018. LG Chem is to hire 810 employees. 
It is worth noting that it is the biggest, in terms of value, investment project supported by PAIH in the last 15 years.

Another record-breaking investment in PAIH portfolio, concerning number of jobs, is JP Morgan’s corporate centre in Poland. One of the world’s largest financial institution is planning to create jobs for 2.500 people. (PAIH)
 
 


Polish Investment and Trade Agency

Krucza St. 50

00-025 Warsaw


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