Tarragona aims to host a €5 billion European gigafactory to revive the region and curb depopulationExecutive summary: Tarragona is positioning itself to host a €5 billion European gigafactory, hoping the investment will revitalize the area and counteract depopulation. A successful bid would bring substantial foreign direct investment, generate high‑skill jobs, and strengthen Europe’s strategic capacity in emerging technologies. The city of Tarragona, the European gigafactory consortium, and relevant EU funding bodies. Negotiations over site selection, regulatory approvals, and financing are expected to continue over the coming months, with a decision likely before the end of the year.The municipality of Tarragona is promoting its candidacy to house a major European gigafactory, believing the project can rejuvenate the local economy and halt population decline. The proposal is framed as a strategic investment in high‑tech infrastructure that could attract further capital and create jobs.Connected developmentsECB directs banks to address AI Mythos risksOpen the full case file on Beyond →
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