Investment South Africa (ISA) will, on Tuesday, sign a memorandum of understanding (MoU) with Thailand’s investment and business source Thaliand Board of Investment to advance trade between the two countries. “The MoU, which will be signed in Bangkok, Thailand, is aimed at promoting and facilitating cooperation between the two countries on investments in the automotive, agroprocessing and electronics sectors,” ISA acting head Yunus Hoosen said in a statement. He added that officials from the Richards Bay Industrial Development Zone (RBIDZ) will be part of a delegation meeting with Thai companies to attract Thai automotive component manufacturers to invest in the RBIDZ. “We are optimistic that the implementation of the MoU will see Thai investors setting up manufacturing plants in South Africa, which will result in job creation,” Hoosen said.
Source: www.engineeringnews.co.za
South Africa, Thailand to sign investment MoU
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