The Department of Trade and Industry’s (dti) investment arm, Invest South Africa, is set to sign a Memorandum of Understanding (MoU) with the Board of Investment Thailand, in Bangkok tomorrow (Tuesday).
The MoU is aimed at advancing the country’s economic agenda with Thailand. “One of InvestSA’s objectives is to identify potential foreign investors and attract them to invest in the country in an effort to grow the economy and create employment opportunities,” said the agency’s acting head Yunus Hoosen.
He said Invest SA was “optimistic” that the implementation of the MoU would see Thai investors setting up manufacturing plants in South Africa.
Officials from the KwaZulu Natal-based Richards Bay Industrial Development Zone (RBIDZ) will be part of the delegation as they’re on a mission to attract Thailand automotive component manufacturers to invest in the RBIDZ.
