South Africa’s national investment promotion agency, Investment South Africa (ISA) will sign a Memorandum of Understanding (MoU) with the Board of Investment Thailand in Bangkok, Thailand on Tuesday, 31 January 2017.
According to the Acting Head of ISA, Mr Yunus Hoosen, the purpose of the MoU is to advance the economic agenda between South Africa and Thailand.
“One of Invest SA’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. The MoU that we will be signing with Thailand next week is aimed at promoting and facilitating cooperation between the two countries on investments in automotive, agro-processing and electronics sectors. It will also enhance our collaborative efforts to attract investments into our countries,” says Hoosen.
He adds officials from the KwaZulu-Natal-based Richards Bay Industrial Development Zone (RBIDZ) will be part of the delegation. They will be on a mission to attract Thailand automotive component manufacturers to invest in the RBIDZ.