02/12/2005

Invest NI opens new office in Shanghai

Enterprise Minister Angela Smith has opened Invest NI's new investment and trade office in Shanghai.

The office will promote and facilitate technology, investment and trade exchanges between Northern Ireland and China, the world's fastest growing economy.

The Minister is currently travelling with an Invest NI visit to Hong Kong, Shanghai and Beijing that includes representatives of 35 Northern Ireland companies and the University of Ulster.

Speaking at a reception for Chinese business leaders in Shanghai the Minister said: "Opening this office in Shanghai will increase awareness in China of what Northern Ireland has to offer in terms of technology, quality products, expert services and the substantial benefits of Northern Ireland a location in which to do business within Europe.

"This office will give a considerable boost to Government's commitment to help local companies to grow and compete internationally, and to ensure that all parts of Northern Ireland benefit from targeted investment from China and other fast growing global economies."

The Shanghai office is part of a global network of Invest NI technology, investment and trade centres. It will market Northern Ireland to Chinese businesses and provide advice and information to local companies and organisations, such as the universities, seeking to develop opportunities in China.

Earlier this year, Invest NI opened an office in New York. The organisation currently has technology, trade and investment offices in London, Boston, Denver, San Jose, Brussels, Dublin, Dusseldorf, Dubai, Tokyo, Seoul and Taipei.

(MB/SP)

Related Northern Ireland News Stories
Click here for the latest headlines.

10 April 2002
Urban post offices under threat across UK
Consignia is continuing its restructuring policy with new plans that could result in the closure of up to 3,000 urban post offices across the UK. Under the plans, investment grants of up to £10,000 could be offered to subpostmasters to modernise and improve their Post Office branches as part of the funding package.
25 March 2004
Rural Post Offices get funding boost
Some of Northern Ireland's most deprived rural areas received a boost today on the launch of a £750,000 fund to support Post Office branches. The Government said it hoped the Fund would help sub postmasters to develop and improve services for their local communities.
13 January 2012
Financial Firm To Invest In NI
A financial services firm is set to make a major investment in Belfast, it has been revealed. According to Northern Ireland's First and Deputy First Ministers US company, The Chicago Mercantile Exchange Group (CME) will set up a office in the capital.
21 February 2024
Irish Govt Commits To Invest €800m In Northern Ireland
The announcement of an €800 million (£685m) investment in Northern Ireland by the Irish Government has been welcomed as a "significant contribution" by Finance Minister, Dr Caoimhe Archibald MLA.
30 July 2001
Professor to chair Invest Northern Ireland
Professor Fabian Monds has been appointed as the Shadow Chairman of Invest Northern Ireland (INI), the new economic development agency which will come into existence early in 2002. The appointment was announcement by Sir Reg Empey, Minister for Enterprise, Trade and Investment, on Monday 30 July.