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One region in Upstate New York appears to have figured it out.
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| FROM SITE SELECTION MAGAZINE, JANUARY 2023 ISSUE |
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MIXED-USE RETAIL
Transforming stranded assets such as office parks and malls into mixed-use districts “is a major opportunity to get creative and add tremendous value” in growing suburban communities, says Gensler Chair and Regional Managing Principal Joseph Brancato.
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Egypt
As reported by China Daily in December, Angel Yeast Egypt, a Chinese company is building a new production line in a factory located in the industrial zone in Beni Suef. The current operation employs nearly 900. Khaled Rageb, chairman of the New Beni Suef City Development Authority in Beni Suef Province, said of the company’s growth, “It is an accelerating leap at all levels in terms of promoting environmental protection and producing high-quality products and providing more jobs opportunities for local people.” The expansion is projected to be complete by May 2024. The $80 million expansion is supported by a $40 million senior unsecured loan approved in October 2022 by the European Bank for Reconstruction and Development, which reports that parent company Angel Yeast China Ltd. is the third largest producer and exporter of yeast in the world and the largest producer of yeast extract.
India
As reported by Data Center Dynamics, The Economic Times and other sources, hyperscale data center company CtrlS plans to expand its global portfolio from 1.2 million sq. ft. to around 5 million sq. ft. by 2025 (25 facilities in all). This 2-million-sq.-ft. hyperscale site in Navi Mumbai is a big part of that plan. The campus will combine with another new 2-million-sq.-ft. site in Hyderabad and a new 1-million-sq.-ft. site in Chennai to add over 600 MW of capacity to the company’s arsenal. The company says it “is actively exploring opportunities in Saudi Arabia, UAE, Bangladesh, Thailand, Malaysia, and Vietnam.” Another January press release says it also plans to “set up over 20 Edge datacenters across Tier-2 and Tier-3 cities of India in addition to other potential markets in the coming years. Each Edge facility will offer up to 5 MW of capacity.” The company, which launched in 2007, is also building a solar park in Mumbai to power its facilities and reduce its carbon footprint.
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| KANSAS — THE STATE OF UNEXPECTED |
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HEADQUARTERS
Hear from the ag-tech company itself why the move was made from Oregon to this Kansas City suburb.
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PHOTO GALLERY
Think you know Kansas? Look again.
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| SITE SELECTION RECOMMENDS |
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One hundred startups from around the world will compete for a share of US$1 million at the Entrepreneurship World Cup (EWC) Global Finals, organizers announced in mid-February. The finals are set to take place March 9-12 at Biban 2023 in Riyadh, Saudi Arabia. Since launching in 2019, the Entrepreneurship World Cup — co-hosted by the Global Entrepreneurship Network (GEN) and the Small and Medium Enterprises General Authority in Saudi Arabia, Monsha’at — has attracted more than 400,000 registrations from 200 countries and connected founders with over $3 million in cash prizes and another $256 million worth of perks and free support and services, GEN says. This year’s EWC 100 breaks down geographically like this: Europe (28), South America (20), North America (14), Asia (17), Middle East (12), Africa (6), Oceania (2) and the Caribbean (1).
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Photo by Lukasz Kobus courtesy of EC – Audiovisual Service, European Union 2023
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On Friday, February 23, the Berlaymont and European External Action Service (EEAS) buildings at EU headquarters in Brussels, Belgium, were illuminated in the colors of the Ukrainian flag to commemorate one year since the Russian invasion of Ukraine began.
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