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Mark Arend

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FDI Awards Presented at the World Forum for Foreign Direct Investment

SHANGHAI, November 13, 2013: Site Selection Magazine and the FDI Association presented their first annual Foreign Direct Investment Awards today at the World Forum for Foreign Direct Investment at Le Royal Meridien Hotel in Shanghai, China. These awards recognize excellence in five categories of foreign direct investment activity:  FDI Deal of the Year, Investment Promotion Agency of the Year, FDI Destination of the Future, Most Innovative FDI-Attraction Incentive Program of the Year and FDI Politician of the Year.

Nominations from around the world were accepted and evaluated during the fall by a panel of distinguished global site consultants and the editors of Site Selection magazine, published by Conway Data Inc., parent company of Red Hot Locations, which organized the World Forum. Presenting the awards were three members of that panel: Andreas Dressler, managing director of Berlin-based Terrain Consulting (also a division of Conway Data Inc.); Jason Hickey, president of Hickey & Associates; and Matthijs Weeink, president, APAC, of Amsterdam-based Investment Consulting Associates.

FDI Award winners are as follows:

FDI Deal of the Year
First Place: Sasol North America Inc., Lake Charles, Louisiana ($21 billion)
Second Place: Iowa Fertilizer Company, LLC, Weaver, Iowa ($1.8 billion)
Third Place: Masisa-MDF, Durango, Mexico ($132 million)

Investment Promotion Agency of the Year
First Place: IMG-Investment and Marketing Corporation Saxony-Anhalt, Magdeburg, Germany
Second Place: ABA-Invest in Austria
Third Place: BaselArea, Basel, Switzerland

FDI Destination of the Future
First Place: Birmingham, United Kingdom
Second Place: Colombia
Third Place: Czech Republic

Most Innovative FDI-Attraction Incentive Program of the Year
First Place: Berlin Business Location Center, Berlin, Germany
Second Place: Business Birmingham
Third Place: Headquarters Initiative, ABA-Invest in Austria

FDI Politician of the Year
First Place: Terry Branstad, Governor, State of Iowa
Second Place: Frank Jensen, Lord Mayor, Copenhagen, Denmark
Third Place: Honorable Zafer Çaðlayan, Minister of Economy, Republic of Turkey

“Investment promotion agencies and political leaders recognized by these awards signify best practices in the world of foreign direct investment,” says Mark Arend, editor in chief of Site Selection. “Areas compete aggressively for projects like those recognized in the FDI Deals of the Year category, and investment promotion agencies and political leaders must demonstrate to capital investors that they can exceed expectations where cross-border facilities investment is concerned. These award recipients have done that, and we congratulate them on their success.”

"There are lots of agencies out there that work hard and achieve great things, often on very limited budgets,” says Camilla Sharp, vice president, Red Hot Locations. “When a company makes a big investment, the headlines always talk about the company and the capital invested or the jobs created.  If an IPA or economic development agency has played a part, its role is discreet, unsung even.  I think that the recognition of their professionalism and creativity with these awards might help them to feel that their long hours and relative invisibility are worthwhile and I would hope that they would also encourage others to strive towards their standards"

Site Selection magazine, published by Conway Data Inc., delivers expansion planning information to 49,000 executives of fast-growing firms. The senior publication in the development field, Site Selection is also available via Site Selection Online (www.siteselection.com). The publication also publishes or co-publishes e-newsletters, including The Site Selection Dispatch, Life Sciences Report, Aerospace Report and Energy Report; Site Selection International; The FDI Report; Trust Belt.com and the OnSITE Travel blog. The magazine's redesign, content and online presence last month received multiple awards from the Magazine Association of the Southeast.

Conway Data is an international publishing, consulting and association management company headquartered in Atlanta. It is also a fast-growing firm, having more than doubled in size over the past two years.

Conway also owns and manages London-based Red Hot Locations, organizer of world-wide FDI events; Berlin-based FDI advisory firm Terrain Consulting; New York-based The PONT Group, a leading PR and lead-generation firm; economic development education and research organization the Janus Institute; and manages the Industrial Asset Management Council and the FDI Association, launched in November 2013.