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Economic development officials have been preparing for the event for years and are ready to capitalise on the opportunity to attract foreign investment.
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The announcement came at the close of the summit’s business forum, which Macron said drew nearly 7,000 participants and more than 700 business meetings.
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US-based tech giant and Abu Dhabi-based tech conglomerate G42 had asked the Kenyan government to commit to buying a fixed amount of cloud computing capacity each year.
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The new base is intended to expand the fund's ability to pursue outbound deals in China while it continues to assess opportunities for direct investment within the country.
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BYD executive vice president Stella Li, who is overseeing its international expansion, confirmed that BYD has visited “many plants” in Europe.
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The site, designated KL2, will be built in Cyberjaya within one kilometre of the company's existing KL1 facility in the greater Kuala Lumpur area.
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Environmental regulators ruled in early April that the project could continue, concluding that any future power line proposal would require a separate environmental assessment.
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