Chinese investors interested in AI vehicle assembly in Antigua.
A successful Singapore-based Chinese investment group with a keen interest in Antigua and Barbuda was recently invited to Cabinet.
The company has been generating a monthly revenue of $100 Million US and is looking to establish an operating base in the Caribbean.
During the meeting, the principal of the group shared insights on how AI (Artificial Intelligence) is poised to be the next big change in technological innovation, as it will provide greater communication power in the future.
Interestingly, the firm assembles electronic vehicles in Mexico for export to North and South America, which led Cabinet members to inquire whether Antigua could be considered for vehicle manufacturing.
After receiving assurances of sufficient energy production, the principal expressed that the prospect of such manufacturing in Antigua looks promising.
The Chinese investment group is scheduled to follow up with several Cabinet members whose portfolios align with their interests.
Their potential investment in Antigua and Barbuda could bring economic growth to the twin-island state and create job opportunities for local residents.
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Tired of BS May 21, 2024, 6:47 AM
Jezz April 5, 2024, 10:24 AM