Economic Development Dispatch- July 2024
Edition 4
Dearest Readers,
Welcome to the latest edition of Econdev Dispatch. July has been pivotal in economic development, marked by a strategic emphasis on sustainability and enhanced production efforts.
In this issue, we have compiled the most notable trends that are in the spotlight in the global investment landscape. We hope you have an insightful read.
China’s EV Giant to open electric car plant in Turkey. Link
From palm oil to data: Malaysia builds AI hub on Singapore’s doorstep. Link
Indonesia set to level up investor and talent attraction with the launch of its new ‘Golden Visa'.’ Link
Wind is generating more electricity in the US than coal. Link
CIP bets A$16bn on nascent Aussie offshore wind. Link
JBS to quadruple its Saudi Arabian production capacity, new Jeddah facility to produce 500 jobs. Link
Significant job boosts reported across the manufacturing sectors of devolved nations- Make UK and BDO release the Regional Manufacturing Outlook report for 2024. Link
IoT (Internet of Things) connections to grow to 35 billion by 2028, mainly in the Asia-Pacific, UNCTAD calls for a global shift towards a circular digital economy in its 2024 Digital Economy Report. Link
The sleepy corner of England battling China. Link
Falling fertility rates, migration movements, and China’s population decline. Link
Chile Wins US Tax-Credit Treatment for Battery Component Made From Lithium. Link
The US battery storage boom in full swing, storage and battery installations off to a hot start in 2024. Link
Renewable energy and Semiconductors lead the top 10 FDI recipients in 2024 so far, investment in electronics components drop. Link
Stay tuned for more insights and discussions on economic development and corporate strategy in our next issue!
