Agreement signed on investments in development of Moldova's engineering sector

Chisinau, May 13 / MOLDPRES /- Balti Free Economic Zone (ZEL), the Employers' Association of the Manufacturing Industry (APIP) and the Future Technologies Project, funded by the US Agency for International Development (USAID) and Sweden are teaming up to develop an engineering and innovation park in Chisinau. A partnership agreement that will kick off investment in the development of the country's engineering sector was signed yesterday by the parties.

Resident companies of ZEL Balti, APIP members and entrepreneurs who want to innovate and digitize their business will have access to advanced technologies and equipment, practical training in their handling so as to increase their performance and production quality.

"We will develop new skills in modern, innovative engineering, we will stimulate investment in the sector, research and the creation of better paid jobs at home," say the participants in the agreement.

Balti Free Economic Zone currently has 81 resident companies with over ten thousand employees and an industrial production value of almost 400 million lei (for 2020).

The Employers' Association of the Manufacturing Industry has 28 members (14 international and 14 national companies) with 12,000 employees.

The Future Technologies Project (FTA) will continue the activities implemented in the last 15 years, with the assistance of USAID, in the sector of developing the competitiveness of strategic economic sectors in the Republic of Moldova and comes in response to global trends in digitalization and innovation. The FTA will create opportunities for young people, investments and partnerships, and technology and innovation in all sectors will propel Moldovan business to the future.

Photo: Innovate Moldova