14 May 2026
14 May 2026
At the SelectUSA Investment Summit, leaders acknowledged that investing in the US may come with higher costs but hailed market access and proximity as the most important drivers of investment.
Economic development officials have been preparing for the event for years and are ready to capitalise on the opportunity to attract foreign investment.
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.
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.
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.
BYD executive vice president Stella Li, who is overseeing its international expansion, confirmed that BYD has visited “many plants” in Europe.
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.
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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