Huawei to invest CZK 8.6bn in Czech Republic

Huawei to invest CZK 8.6bn in Czech Republic

Published at: 2017-05-19 11:17 | Author: CIJ Journal
Huawei is planning to invest CZK 8.6bn and create 4,000 new jobs in the Czech Republic over the next five years. The mobile phone manufacturer is reportedly planning to build a greenfield assembly plant and is in negotiations with the Czech government about partnering on key technology programs, such as national broadband, smart and safe cities and cyber security and data protection. It has a 20-percent market share in the Czech Republic. Huawei is active across 170 countries. Its smartphone sales have increased by 29 percent to 139 million devices, while global revenues grew by 42 percent in 2016 to $25.7bn.

Similar Stories:

JLL: Zero warehouse vacancy in Central Slovakia
Approximately 70,000 sqm of new industrial and logistics space hit the market in Q1, bring  »
Take-up on Polish warehouse market totaled 970,000 sqm in Q1
A total of 970,000 sqm was leased on the warehouse market in Poland in the first three mon  »
CBRE GI buys Prologis Park Ostrava
CBRE Global Investors has finalized its acquisition of Prologis Park Ostrava on behalf of  »
CTP acquires logistics project in Budapest
CTP has acquired the logistics scheme Rozália Park in western Budapest. The project offer  »
Poland’s warehouse market is still growing. Between 2014 and 2016 approximately 3.3 mill   »
Zone I, totaling almost 570,000 sqm, is centered mainly in the city’s former industrial   »
What do you do if you’re in charge of a company that’s just been taken over by one of   »
In a country rich with industrial production capacity, the sector that appears to be growi   »