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PAIiIZ-piloted FDI activity at its highest since 2007


2011-11-29



The year 2011 is shaping up to be the best in three years in terms of foreign direct investment (FDI) inflows into Poland, and the best in four years for the Polish Information and Foreign Investment Agency (PAIiIZ), the Agency's director Slawomir Majman said on 28 November during a news conference to give an interim update on the PAIiIZ’s performance in attracting FDI projects.

The Agency, which is responsible for about 10-20% of foreign investment inflows in Poland, has finalised 51 projects so far this year, compared with 47 in January-November 2010, with the combined value of €1.14bn, up by nearly 90% against a year earlier (€608m), and expected to bring more than 10,100 new jobs over the next two to three years, up 8% y-o-y. Of the 51 finalised investments, the largest number (12) are by companies from the United States, followed by Japan (five), and China, France and South Korea (four each). The projects by Chinese firms are most labour-intensive (2,853 jobs in total), while Japanese firms top the list in terms of total project value (€176m). Sector-wise, 16 projects are business process outsourcing (BPO) and R&D centres, eight are in the automotive sector and five in the food sector. The BPO projects account for the largest number of new jobs (2,490), while the automotive projects have the highest combined value (€595m). The Agency expects to close at least three more projects by the end of the year.

As of 28 November, the PAIiIZ was piloting 159 likely FDI projects worth a total of €6.47bn and with the potential to create 42,200 new jobs. Automotive industry remains the strongest-represented sector, with 31 potential investments worth €1.9bn that could bring 11,972 jobs; followed by business process outsourcing (BPO) with 29 projects, €34m and 6,952 jobs; and machinery (11 projects, €658 jobs, 2,946 jobs). In terms of country of origin, the United States is the clear leader with 43 projects (€1.13bn, 9,335 jobs), followed by Great Britain (17 projects, €376m, 6,252 jobs), Germany (15 projects, €490m, 4,522 jobs), South Korea (11 projects), and China and Japan with 10 projects each.

According to Mr. Majman, on current trends this year's FDI inflows into Poland should significantly exceed €9bn, which would be the highest figure in three years.

Preliminary data from the National Bank of Poland (NBP) show that in the first three quarters of 2011 FDI inflows reached almost €7.56bn, an increase of 50.8% compared with the same period of the previous year.



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