Poland on the radar for an investment of €53 billion

Innovation and technology, sustainability, and social responsibility have long invaded our daily lives. However, the project of the company MMgo Investment Group Scr. takes a step toward the future by investing in technological development, innovation and Artificial Intelligence in the textile and footwear sectors.

Poland, Portugal, France, Spain, Italy, and the United Kingdom are the countries on the radar of this ambitious investment, which aims to produce luxury brands, benefiting companies in the textile and footwear sector that have quality production potential. In recent years, companies in the textile and footwear industry have been going through a serious economic crisis, given their positioning in medium-low segments.

It is undeniable that with a total investment of €53 billion (of which €30 billion will be for infrastructure that boosts business tourism through hotels, services, logistics, and real estate) this project would allow the Polish industry to reposition itself in the international market, by boosting high-quality production and supporting exports for luxury fashion brands.

Moreover, this project, to be established in Poland, will be the largest private investment ever brought to the country, and will represent 6 percent of the national GDP.

(WBJ)