Some of the world's most prominent companies based in Sweden are planning to invest in the Philippines under the leadership of Pres. Rody Duterte according to the confirmation made by Swedish Ambassador to the Philippines Harald Fries.
In an interview with the Philippine News Agency (PNA), Ambassador Fries said that many Swedish firms are already engaged in engineering, waste management, urban transportation, and bus system here in the Philippines.
Aside from the multinational Swedish firms who already established their presence here in the country, some businesses in Sweden are also looing to invest in the infrastructure programs of the Philippines particularly the Build, Build, Build Program of the Duterte admin.
The Swedish Ambassador said that some of these companies include the Volvo Group, which is involved in urban transportation, ABB in energy, and Saab in port and airport management and surveillance.
“There are smaller companies that are trying their luck here,” he added.
Apart from infrastructure projects, Fries said there are also small and medium-sized Swedish companies establishing presence in the information technology (IT), business process outsourcing (BPO), and software engineering and software development areas.
“Today, we have the big multinational companies even more than them, but we also have quite a few small- and medium-sized Swedish companies doing business here, which shows also that companies with less resources, less capacity, they have confidence in this market so they are to establish and try to expand here so we have the whole range of Swedish companies,” he added.
The ambassador also underscored the need to increase the trade between the Philippines and Sweden. Based on initial data, there is actually an increased of 65 percent in just two years since the Swedish Embassy re-opened in the Philippines.
In an interview with the Philippine News Agency (PNA), Ambassador Fries said that many Swedish firms are already engaged in engineering, waste management, urban transportation, and bus system here in the Philippines.
Aside from the multinational Swedish firms who already established their presence here in the country, some businesses in Sweden are also looing to invest in the infrastructure programs of the Philippines particularly the Build, Build, Build Program of the Duterte admin.
The Swedish Ambassador said that some of these companies include the Volvo Group, which is involved in urban transportation, ABB in energy, and Saab in port and airport management and surveillance.
“There are smaller companies that are trying their luck here,” he added.
Apart from infrastructure projects, Fries said there are also small and medium-sized Swedish companies establishing presence in the information technology (IT), business process outsourcing (BPO), and software engineering and software development areas.
“Today, we have the big multinational companies even more than them, but we also have quite a few small- and medium-sized Swedish companies doing business here, which shows also that companies with less resources, less capacity, they have confidence in this market so they are to establish and try to expand here so we have the whole range of Swedish companies,” he added.
The ambassador also underscored the need to increase the trade between the Philippines and Sweden. Based on initial data, there is actually an increased of 65 percent in just two years since the Swedish Embassy re-opened in the Philippines.
Source: PNA
More Swedish Companies Keen to Trade, Invest in the Philippines Under Pres. Duterte
Reviewed by Phil Newsome
on
June 08, 2019
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Reviewed by Phil Newsome
on
June 08, 2019
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