Today, Invitalia signed a Development Contract with the heads of MBDA Italy (headed by the British-French-Italian group operating in the high technology sector) to upgrade and expand several sites of the industrial area in the province of Naples.
The contract is worth a total investment of 48.3 million euro, including 18.1 million funded by Invitalia through a non-repayable grant. The investment will reinforce and boost employment both in the companies directly involved and, when fully operational, in the local technology sector as a whole.
The Development Contract, with completion scheduled for mid-2015, includes a plan divided into two industrial development projects (aimed at expanding the sites of Fusaro and Pomigliano dArco) and an industrial research and experimental development project to be carried out jointly by local companies together with 3 research organisations under the Development Contract (University of Naples Federico II, Second University of Naples, University of Salerno).
This Development Contract, said Domenico Arcuri, confirms Invitalias commitment to supporting high-technology sectors, which are paramount for the growth of the country. Whats more, once again, we are reiterating our focus on projects involving universities and research organisations, which more and more are a stepping stone for companies aiming to achieve industry leadership and innovative performance.
In Campania, it is the 9th Development Contract signed by Invitalia, the National Agency for inward investment promotion and enterprise development. The 8 previous agreements some with major multinationals were signed in Campania, Sicily and Puglia, with investments worth over 340 million euro in the aeronautical, food, energy and telecommunications sectors.