Bosch has laid the cornerstone for a 37 billion HUF (113.8m EUR) expansion of its Budapest development centre.
The centre employs almost 2,500 engineers with more R+D jobs for local and international workers in the pipeline.
Péter Szijjártó, minister of Foreign Affairs and Trade, was present at the inauguration ceremony and noted that the centre will create new opportunities for the development of electric and self-driving vehicles. He added that a 10,000sqm test track will also be built next to the centre.
The minister revealed that Bosch has invested 130 billion HUF in Hungary over the past two years and concluded partnership agreements with 14 local colleges and universities. The investment, scheduled to be completed in 2021, will add 90,000sqms to the area of the facility.
Klaus Peter Fouquet, President of Robert Bosch AG, said Hungary is of key importance to Bosch both in production and in development, adding that the company spent almost 55 billion HUF on R+D in Hungary last year.
He added that Bosch employs over 13,000 people in the country, 2,600 of which work in research and development, he said. The investment will create nearly 2,000 jobs for highly-qualified workers.