Amidst a backdrop of global turmoil, 2024 is likely to be one of the most volatile years for geopolitical risk in decades.
As tensions continue to escalate, with ongoing conflicts in Eastern Europe and the Middle East, the Western Cape’s trade and investment agency, Wesgro, finds itself operating in increasingly challenging times.
According to Wesgro CEO Wrenelle Stander, with the Western Cape government intent on growing its economy by between 4% and 6% by 2035, Wesgro is taking very specific and targeted measures to attract, facilitate and support foreign direct investment (FDI) into the province.
“We will look to attract investment into energy resilience, including liquefied natural gas (LNG), as well as the green transition, including renewables, green hydrogen, and water.
Notwithstanding the importance of our traditional FDI source markets – Europe, USA, UK and Africa – we will look to unlock new markets such as China, ASEAN, and the Middle East.”
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