Wales’ First Minister Eluned Morgan has announced that a major investment summit will be hosted at International Convention Centre Wales (ICC Wales) and the Celtic Manor Resort in Newport.
Taking place on 1 December, the 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.
Speaking ahead of the Investment Summit, Wales’ First Minister Eluned 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.
