23/06/2014

Hong Kong Firm Sets Up Subsidiary In Belfast

With Invest Northern Ireland's support, Hong Kong company WAVTEQ Ltd is setting up a subsidiary in Belfast creating five jobs.

WAVTEQ Ltd is one of the world's fastest growing foreign direct investment technology and consulting companies. Its 50 experts, across a range of professions, provide business development, consultancy and lead generation services to economic development organisations worldwide.

In partnership with ICA Incentives BV, the company uses a proprietary database technology product, ICA Incentives, which monitors government incentive transaction activity across the globe, in real time.

WAVTEQ Ltd (NI) will be a centre of excellence, housing the ICA Incentives research and sales team and providing administration and research support to the WAVTEQ Group.

Commenting on the investment, Nerys Coleman, Manager of WAVTEQ NI, said: "We are really excited to open our Belfast office. We selected Belfast due to the strong FDI research cluster in the city and the availability of a skilled, efficient workforce and reasonable office costs. We are delighted to make Belfast the hub of our incentives business."

Invest NI has offered WAVTEQ support towards its business development activities.

(CD)

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