The multinational SAIC chooses Galicia for its new European plant and consolidates the region as a major logistics and industrial hub

ATTRACTING FOREIGN INVESTMENT IN THE AUTOMOTIVE SECTOR

The arrival of a car carrier at the Port of Ferrol marks the start of the multinational's logistics trials in the autonomous community. This milestone represents the launch of a strategic project that will inject an initial investment of €200 million and generate approximately 2.300 jobs in its first phase of implementation.

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The president of the Xunta de Galicia, Alfonso Rueda, has highlighted the region's competitive strength in attracting investment. international investments, highlighting the technical, logistical and industrial capacity of the territory. These factors have been decisive in the automotive giant SAIC's selection of the Galician community as the site for its future production plant for the market of the European Union.

The confirmation of this commercial and logistical agreement took place during the reception of a vehicle carrier from the company at the Port of Ferrol, an operation designed to carry out various checks in the supply chainFor the head of the regional government, these initial tests confirm that the Asian manufacturer's commitment is a tangible reality. In his own words, this progress represents the beginning of “a long-term industrial project destined to transform the future of Galicia".

A favorable ecosystem for international business

During his speech, Rueda thanked the multinational's executives for choosing the region over other competing European locations, highlighting the structural advantages the territory offers for the internationalization and foreign tradeThe regional president stressed that the community contributes “Stability, industrial capacity, infrastructure, logistics and talent, plus the assurance that things are done right here, the commitment and reliability that distinguish Galicia Calidade".

The economic impact of this industrial implementation This will be felt directly in the Ferrol and As Pontes regions, areas seeking to revitalize their productive sectors. However, the positive externalities will extend throughout the entire autonomous territory, strengthening the value chain of the sector and creating new business synergies. The medium-term objective is “to consolidate the community as one of the most important automotive hubs in all of Europe”, reinforcing its weight in the industrial exports Spanish.

Synergies between management and foreign capital

To ensure the success of this international landingRueda has assured investors that they will have a favorable environment for the development of their corporate activity.Here you will find committed institutions, prepared companies, top-level universities and technology centers, and highly qualified professionals.“,” he stated, also highlighting the warm welcome from a civil society that values ​​the arrival of foreign capital willing to create jobs and build a future.

Securing this large-scale project is part of the Galician government's macroeconomic strategy to diversify the productive sector and integrate cutting-edge technologies through partnerships with world-leading companies. Finally, the Galician president called for institutional cooperation, emphasizing the need for all levels of government to work together to maximize the return on this investment. foreign direct investment (FDI) in favor of the general interest.