Much of the agency’s strategy relies on focusing on seven priority sectors, which include electronics/semiconductors, IT services, fabricated metal products, advanced manufacturing, smart technologies, big data, and blue industries. “In terms of ICT we want to go deeper into frontier technologies, like AI, blockchain, and financial technology,” adds Panga; “our aim is to promote science, and innovation-driven industrialization.”
In this way, the agency has managed to create a business environment that is highly attractive to foreign companies, appeased by its regulatory transparency, no red-tape policy, and one-stop shop services for investors. “We have a skilled, young workforce, high degree of English proficiency and countless testimonials of US companies already present here, but at the end of the day what attracts US investors is our shared culture of business and democracy,”concludes Panga with a smile.