Trade Horizons’ Market Entry Blog

Leoni AG, a leading global provider of energy and data management solutions in the automotive sector, has recently inaugurated a new state-of-the-art production facility in Agadir, Morocco. This strategic move underscores Leoni's commitment to expanding its presence in the burgeoning North African automotive market. Investment and Job Creation The new plant represents a significant investment of approximately $21 million and is expected to create over 3,000 jobs by 2027. This development is a major boost for the local economy, providing numerous employment opportunities and contributing to the region's industrial growth.

Leoni AG, a leading global provider of energy and data management solutions in the automotive sector, has recently inaugurated a new state-of-the-art production facility in Agadir, Morocco. This strategic move underscores Leoni's commitment to expanding its presence in the burgeoning North African automotive market. Investment and Job Creation The new plant represents a significant investment of approximately $21 million and is expected to create over 3,000 jobs by 2027. This development is a major boost for the local economy, providing numerous employment opportunities and contributing to the region's industrial growth.

In a significant move to bolster its economy and strengthen trade ties with North America, Mexico has announced a series of tax and financial incentives aimed at encouraging nearshoring and reducing dependence on Chinese imports. President Claudia Sheinbaum unveiled the country's new industrial policy, known as Plan Mexico, during a presentation at the National Museum of Anthropology in Mexico City. Key Incentives and Benefits The incentives include accelerated depreciation of assets, allowing companies to deduct a substantial portion of the cost of machinery and equipment purchased in 2023-2024 as a tax write-off much sooner than usual. Additionally, businesses can benefit from a 25% deduction on training expenses for workers over three years, promoting workforce upskilling.

The launch of the FTA portal is part of Cambodia's Pentagonal Strategy – Phase One, a key policy framework designed to drive economic growth and improve the business environment. Commerce Minister Cham Nimul highlighted the importance of this initiative during a recent review meeting, emphasising that detailed information about FTAs is crucial for businesses to maximise their benefits and leverage new opportunities.

1.     Top 10 FDI projects of 2024 2024 has been a remarkable year for foreign direct investment (FDI), with significant projects announced across various sectors. Here are the top 10 FDI projects that have made headlines this year: TSMC's Semiconductor Fab in Phoenix, Arizona Investment: $25 billion Sector: Semiconductors Details: Taiwanese chipmaker TSMC announced its third semiconductor fab in Phoenix, Arizona, marking the largest greenfield FDI in US history

1.     Top 10 FDI projects of 2024 2024 has been a remarkable year for foreign direct investment (FDI), with significant projects announced across various sectors. Here are the top 10 FDI projects that have made headlines this year: TSMC's Semiconductor Fab in Phoenix, Arizona Investment: $25 billion Sector: Semiconductors Details: Taiwanese chipmaker TSMC announced its third semiconductor fab in Phoenix, Arizona, marking the largest greenfield FDI in US history