Quebec Woos Japan, China to

Invest in $80 Billion Regional Plan

An ambitious and outstanding move by the province of Quebec to leapfrog its economy.      Quebec seems to have developed a very strong expertise in attracting foreign investments.  Its Investor Immigration program has been a success story for many years, and in the current year, beat all expectations.    While the development below does not have a direct immigration connection, such an event is invariably linked to the openness of Quebec towards foreign investment.

Companies from Japan and China, seeking new metal supplies, are considering investing in an $80 billion regional development plan in Canada’s resource-rich Quebec province, said Premier Jean Charest.

Japan’s “investment houses” are in talks about potential investments in rare earths and lithium deposits, as well as in infrastructure, Charest said in an interview yesterday in Tokyo, declining to name the companies.

Quebec, which hosts metals from gold to iron ore, is betting that a $47 billion investment in new hydro power capacity over 25 years will help lure companies from resource- poor nations. New investors would join Swiss miner Xstrata Plc. (XTA) and ArcelorMittal, world’s largest steelmaker, in developing operations.

Read more on the bloomberg site

http://www.bloomberg.com/news/2011-08-26/quebec-woos-japan-china-to-invest-in-80-billion-regional-plan.html

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