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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


Production Manager


Deputy Production Editor Andrew Petrie


andrew.petrie@ft.com


Deputy Production Editor Nic Bunce 4318


nicholas.bunce@ft.com


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


Executive Editor


Online Editor David Robinson


Paramjit Virdee 6535 paramjit.virdee@ft.com


Advertisement Executive


Sophie Horton 4830 sophie.horton@ft.com


Global Business Director


Adrian Northey 6333 adrian.northey@ft.com


Cassius Naylor 0207 873 3124 cassius.naylor@ft.com


Projects Co-ordinator, Europe&North America


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


Associate Publisher Publishing Director


Angus Cushley 6354 angus.cushley@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 2020. FDI is a trade- mark of Financial Times Ltd 2020. “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.


Brian Caplen 6364 brian.caplen@ft.com Art Director


GLOBALNEWS


dodging the Covid bullet; IPAs prioritise renewables.


free zone; SEZs are a catalyst for sustainable recovery.


08 09


the only firm which can compete with Tesla in the electric vehicle tech race.


12


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


back to Detroit. RISINGECOSYSTEMS


are still a hurdle for potential investors in Bali.


14 16 18


4


Access to funding and scale-up ambitions


EXECUTIVEDECISION


E-bike manufacturer Volt shifts production to Milton


Keynes to dodge tariff uncertainty. DEVELOPMENTSITES


Ford is bringing 21st century mobility solutions


clients relocating from China. COMPANYPROFILE


10 11


Lucid Motors CEO Peter Rawlinson believes his is


HEADTOHEAD


fDi weighs up the benefits of San Diego and Phoenix.


VIEWFROMTHEC-SUITE


The CEO of Mahindra World Cities sees opportunities in


GLOBALLAWYER


Will investor arbitration survive the new decade?


FREEZONES


Free zones for Saudi Arabia; Cambodia set for ‘green’


REGULARSCOVER STORY 06


FDI not yet out of the woods; Five economies


GLOBALISATION’SFUTUREIN THEREALECONOMY


globalisation both competing as the way forward.


20 22


METHILNOMORE–ANfDi JOURNEY


FDI and fDi.


24 26


with the way we use its ground- level spaces.


30


DEVELOPMENTFINANCEFOR ECONOMICRECOVERY


global problem of sustainability.


32 34


A global approach is needed to overcome the


THEFUTUREOFWORK ISWITHUSTODAY


Embracing hybrid ways of working is not just


convenient, but sensible too.


URBANREGENERATION STARTSFROMTHEGROUND FLOOR


The way we use cities must change, starting


The publishing director recalls the history of both


THERECENTHISTORY OFGLOBALINVESTMENT– ADATAPERSPECTIVE


fDi looks back over the history of foreign direct


investment. fDiSTRATEGYAWARDS2020


while NRW.Global Business and London & Partners gain recognition for aftercare and recovery potential.


42 TRANSPORT


TRANSPORTAND WAREHOUSINGCITIESOFTHE FUTURE2020/21


the inaugural Transport and Warehousing Cities of the Future ranking, with Singapore in second place and London in third.


112


countries can do more harm than good, writes Vesna Garvanlieva Andonova.


116


THINKTANK IS BALKAN FDI IN A RACE TO THE BOTTOM?


By trying to outcompete their neighbours,


Hong Kong has been awarded first place in


Montréal International is fDi’s IPA of the year 2020,


The world is at a juncture, with protectionism and


BEYOND20


fDi is looking for the answers the world needs as


it transitions beyond 2020.


Elliot Smither 6379 elliot.smither@ft.com


COVER STORY 20


the year of renewable energy.


THEFUTUREOFTRAVEL ISHERE


future of travel and tourism.


THEFUTUREOFFDI:DRIVERS ANDDIRECTIONSTO2030


division at unctad identifies the factors that will shape the coming decade in FDI.


36 38 40


The senior director of the Investment and Enterprise


Adaptability, flexibility and access will decide the


THEFUTUREOFRENEWABLE ENERGY


After a tumultuous 2020, 2021 is shaping up to be


www.fDiIntelligence.com December 2020/January 2021


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