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CONTENTS


Published by The Financial Times Ltd, Bracken House, 1 Friday Street, London EC4M9BT,


UK Tel: +44 (0)20 7873 3000. Editorial fax: +44 (0)1858 461873.


Staff members can be contacted by dialing +44 (0)20 7775 followed by their extension number


Jacopo Dettoni 4339 jacopo.dettoni@ft.com


Editor Global Markets Editor


Alex Irwin-Hunt 6437 alex.irwinhunt@ft.com


Global Investment Reporter


Seth O’Farrell 6450 seth.ofarrell@ft.com


Editorial Intern Naomi Gallagher naomi.gallagher@ft.com


Production Manager andrew.petrie@ft.com


Elliot Smither 6379 elliot.smither@ft.com


Deputy Production Editor Andrew Petrie


Deputy Production Editor Nic Bunce 4318


nicholas.bunce@ft.com


+44 (0)7756 133220 david.robinson@ft.com


Advertisement Executive


Online Editor David Robinson


Paramjit Virdee 6535 paramjit.virdee@ft.com


Art Director


Sophie Horton 4830 sophie.horton@ft.com


Global Business Director


Adrian Northey 6333 adrian.northey@ft.com


Luke McGreevy +971 (0)4 391 4398 luke.mcgreevy@ft.com


Associate Publisher Managing director, FT Specialist


Matt Fottrell +1 646 771 1992 matt.fotrell@ft.com


B2B Marketing Manager


Lauren Drew 4462 lauren.drew@ft.com


Senior Marketing Executive


Jay Seenundun 6896 jay.seenundun@ft.com


Magazinecustomerservices


CDS Global, Tower House, Lathkill Street, Sovereign Park, Market


Harborough, Leics, UK. LE16 9EF ft@subscription.co.uk


tel: 0845 456 1516 (customer


services) 01858 438417 (overseas), fax: +44 (0)1858 461 873


The Financial Times adheres to a self-regulation regime under the FT Editorial Code of Practice: www.ft.com/editorialcode


Printed by Walstead Group in the UK


Registered Number: 227590 (England and Wales) ISSN: 1476-301X©Financial Times Ltd 2021. FDI is a trade- mark of Financial Times Ltd 2021. “Financial Times”


form of advertising without prior permission in writing fromthe editor. No responsibility for loss occasioned to any person acting or refraining fromacting as a


and “FT” are registered trademarks and service marks of the Financial Times Ltd. All rights reserved. No part of this publication may be reproduced or used in any


result of material in this publication can be accepted. On any specific matter, reference should be made to an appropriate adviser. Registered Office: Bracken House, 1 Friday Street, London EC4M 9BT, UK


Reprints are available of any fDi Magazine article, with your company logo and contact details inserted if required (minimumorder 100 copies). For details telephone 0207 873 4816.


IPAs expect FDI to increase in 2021; Investment plans still on upward trend.


build SEZ in 2022; The new frontier of the Saudi–UAE feud.


08 09


10 11


For one-off copyright licences for reproduction of fDi magazine articles telephone 0207 873 4871. Alternatively, for both services e-mail synd.admin@ft.com


12 14


4 HEADTOHEAD


fDi weighs up the benefits of Humboldt County, CA


and Mohave County, AZ. VIEWFROMTHEC-SUITE


Microsoft’s head of renewables discusses the


company’s vision to decarbonise the grid.


COMPANYPROFILE


Digital transformation has buoyed data centre provider


Equinix’s global ambitions. EXECUTIVEDECISION


Freyr Battery plans to turn its Mo i Rana site into a


global battery manufacturing hotspot.


GLOBALLAWYER


The penultimate legacy of Emmanuel Gaillard.


FREEZONES


Indonesian zone ‘could pull $17bn’; Addis Ababa to


REGULARS 06


GLOBALNEWS


Unctad: FDI to ‘recover lost ground’ in 2021; Majority of


COVER STORY 20


DEVELOPMENTSITES


a Covid-19 home test kit facility in Maryland.


16 18


20 28


RISINGECOSYSTEMS


Stockholm’s bumper start- up community faces issues


with attracting global talent. TECHFORGOOD?


COVER STORY


Entrepreneurship and start- ups alone do not always


create economic and social impact.


TECHCITIESOFTHEFUTURE 2021


London has kept its Tech Cities of the Future title in


2021, while Paris and Dublin hold onto second and third place respectively.


BIGTECHCOMESCLEAN 38 42


As some of the biggest corporate buyers of


renewables, tech giants hold immense power.


GREENFIELDFDI PERFORMANCEINDEX


Costa Rica secures the top spot in greenfield


FDI performance, followed by Lithuania and the UAE.


Digital diagnostics company Ellume is building


BEYOND20


HOWTOENSURE RESPONSIBLETECHNOLOGY


environmental data.


46 48


CABIFYGETSONBOARDWITH MOBILITY


needs to support innovation.


THEREALFUTUREOF HEALTHCARE


to innovate and collaborate.


THINKTANK THE CHINA PROBLEM


resolute on staying in the country, write Uri Dadash and Pauline Weil.


50 52 88


to investment be improved in favour of host countries?


90


ENHANCINGTHE DISTRIBUTIONOFFDI


BENEFITS


How can the distribution of benefits among the parties


Despite the ongoing trade war, foreign firms are


The chairman of Johnson & Johnson China on the need


Cabify CEO Juan de Antonio talks about how society


The path to responsible tech starts with acknowledging


unintended consequences. EXPANDINGTHEEINESG


Corporates lack clear guidance when it comes to


www.fDiIntelligence.com August/September 2021


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