Wales’ first minister
Eluned Morgan has announced a major investment summit to be hosted at
ICC Wales and the Celtic Manor Resort
in December.
Taking place on Monday 1
December, the Welsh Government Investment Summit will focus on promoting Wales as a destination for
overseas investors. Currently, there are around 1,480 overseas-owned companies
operating in Wales, employing more than 174,000 workers.
Morgan said: “Wales is rapidly
building strength in industries which are shaping the world, from
semiconductors for mobile phones and electric vehicles to our celebrated
creative industries, exporting TV and film to audiences around the globe.
“Economic growth is my
top priority and I’m looking forward to welcoming major players to the biggest
ever business event to take place in Wales. The Summit will be a chance to
share with the world the wealth of opportunities in our dynamic and future-focused
nation.”
Sir Terence Matthews, chairman of The Celtic Collection, said: "We are delighted to host
the Welsh Government Investment Summit at ICC Wales and the Celtic Manor
Resort. We look forward to welcoming industry leaders from all over the
world to Wales.
"The summit is a
great opportunity for Welsh businesses to attract investors and boost the
economy. Events like this are the reason why we built ICC Wales, because
business events are so important to making connections and facilitating trade and
investment. Timing is also good for the profile and growth of new
enterprise communications technology in Wales, utilising AI and the design and
fabrication of IoT devices using compound semiconductors."
To coincide with the
announcement, the US semiconductor design software leader Cadence Design
Systems, Inc. has announced plans to open a new design centre in Cardiff,
creating more than 100 highly skilled jobs.
