Czechia

Czechia

Establishes State Investment and Development Company for development of strategic industrial zones

24 Jan 2024

On 24 January 2024, the Government of Czechia sanctioned the establishment of the State Investment and Development Company, tasked with developing industrial zones tailored for large strategic investments. This entity aims to establish contemporary industrial sites equipped with essential infrastructure to facilitate strategic, high-value projects. It will prioritize the development of investment locations across Czechia, especially in coal regions impacted by coal mining's downturn. This initiative seeks to draw foreign investors, foster projects with significant added value, and bolster Czechia's competitive edge.