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Huawei Commits to $2 Billion Investment in the UK
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Huawei has confirmed reports yesterday - and will be investing US$1 billion and to spend another US$1 billion in procurement in the UK over the next five years.
In a meeting with UK Prime Minister David Cameron and Lord Green, Minister of State for Business, Ren Zhengfei, founder and CEO of Huawei, outlined the company's long-term commitment to the UK through further investment in research and development, local procurement and centre of excellence initiatives.
Huawei already employs over 800 people in the UK and has today committed to increasing its workforce to over 1,500 by 2017. As part of this commitment Huawei will invest in a number of global centres of technical and financial excellence in the UK.
Ren Zhengfei, Huawei Founder and Chief Executive Officer, said: "The UK is one of the most important European markets in which Huawei has invested. Over the past eleven years we have found its Government to be transparent, efficient and practical. The UK is an open market, which welcomes overseas investment, I am therefore very pleased today, to be announcing the USD2 billion investment and procurement plan, promoting the development of openness and free trade."
Mr. Ren added: ''The UK is a centre of innovation, has a highly skilled workforce, and is respected internationally for the quality of its legal and educational systems. It is for these reasons we have selected the UK as the location for a number of our centres of excellence. I would like to thank our UK customers and partners, as well as the British Government, for their continued support."
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