RKN Global to build 89 million euro plant in Slovakia, employ 1,200

20 February 2016  

RKN Global said on Saturday it would invest 89 million euros (68.8 million pounds) in Slovakia, creating over 1,200 jobs in a new plant making secure IDs and e-cards and screening technologies.

RKN Global, based in Dubai, manufactures a range of security and screening products.

The deal signed by Slovak Prime Minister Robert Fico and RKN Global managing director Marjam Lindsbro on Saturday will provide new jobs in a region where unemployment is nearly 15 percent, above the national average of 10.6 percent.

Fico’s leftist Smer party is well ahead in the polls before a March 5 election and has been keen to show it can cut the jobless rate below 10 percent.

The government, which has sought to add higher value-added investors to go along with the car and electronics plants that fuel Slovakia’s economy, will approve cash and tax incentives of up to 18 million euros at its March 2 session, Fico said.

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