CNBC, the world's number one business and financial news network, today published its annual Foreign Direct Investment (FDI) Report, providing key insights into how the C-Suite perceives FDI opportunities.
The report, carried out in partnership with the World Association of Investment Promotion Agencies (WAIPA), identifies a seismic shift in attitudes amongst C-Suite towards FDI opportunities, largely caused by geopolitical events. It finds:
The report also finds that Asia is seen as the area most likely to grow – a sentiment that is shared by business leaders globally:
Business leaders also think Technology will be the number one growth sector in 2018. In previous reports, Healthcare and Pharma have been traditionally considered as the fastest growing sectors - especially in North America because of its private healthcare model.
David Evans, Head of Data and Insight at CNBC's in-house agency Catalyst said: "This year's report highlights the impact recent geopolitical events, such as Brexit, have had on business leaders' attitudes towards FDI opportunities. It's interesting that smaller progressive economies such as Switzerland, Sweden and Norway are gaining ground on the big traditional markets of Italy and Spain."
Bostjan Skalar, CEO of WAIPA, said: "WAIPA is a promotion agency and our members take our lead in FDI promotion and location branding. As such we feel our partnership with CNBC will only add value and depth to that ability of our members given CNBC is the leader in global finance news and analysis."
The full report can be found here.
The report is based on 910 interviews with investors spanning five key markets – the US, Germany, UK, Singapore and Hong Kong – across three global regions. All respondents have business decision making responsibilities and an interest in FDI.
About CNBC International
CNBC is the number one business and financial news network on the planet. Our mission is to help the influential and aspirational make astute decisions to get ahead. CNBC International ensures no matter where you are you can keep up to date with the latest breaking business and financial news. With global headquarters in the US and international headquarters in London and Singapore, we provide the perfect 24-hour global business briefing. In addition to our global TV channel, available in more than 409 million homes worldwide, CNBC is also available on mobile, tablet and desktop. CNBC.com is the preeminent financial news source on the web, featuring an unprecedented amount of video, real-time market analysis, web-exclusive live video and analytical financial tools.
The World Association of Investment Promotion Agencies (WAIPA) was created in 1995. It was established as an Association under Swiss law. It has been registered in Geneva, as a non-governmental organization and is in the process of being filed with other relevant authorities. From its very inception, WAIPA has represented an ever growing number of Member agencies. Currently WAIPA had 170 Members from 130 countries. Through its wide range of activities, WAIPA provides the opportunity for investment promotion agencies (IPAs) to network and exchange best practices in investment promotion. WAIPA has always dedicated, and continues to dedicate, time and effort towards building the human resources capacity of its Member agencies. Training events have been organized by WAIPA, alone or in coordination with partner organizations. Membership is open to all entities the primary function of which is "to promote any country, political sub-division of a country or other uncontested territory, as a destination for, or source of, investments".