Foreign companies invested over EUR 7 billion in Poland last year which almost doubles the 2022 figure of EUR 3.7 billion, the head of the Polish Investment and Trade Agency (PAIH) reported.
Marcin Fabianowicz, PAIH director, said that the record value of foreign direct investments (FDI) in 2023 was guaranteed primarily by Intel’s decision to invest EUR 4.2 billion in the Semiconductor Test Integration Plant near Wroclaw, southwestern Poland.
“Thus, the giant from Silicon Valley has guaranteed the United States the position of the largest foreign investor in Poland,” he added.
According to Fabianowicz, the e-mobility industry was the leader in terms of the number and value of investment projects.
“One of the largest investment decisions in this sector was to build a battery materials factory in Poland worth EUR 1.7 billion,” he said.
The plant is to be built by a joint-venture company called Ionway, founded by PowerCo (belonging to the Volkswagen group) and Umicore. The factory will be located in the southwestern town of Nysa in the Walbrzych Special Economic Zone.
Talking about forecasts for 2024, he said the results would depend on many factors, including: state policy and the international situation.
“While such large projects as Intel occur once every few years, it is also important to build entire value chains. Maybe the result at the end of 2024 will not be as impressive in terms of numbers as last year’s, but our actions will certainly consolidate Poland’s position as a leader in many areas,” he said. (PAP/Business World Magazine)