The Financial Times group recognises Catalonia as the best Southern European region for investment for 2018 and 2019
- The Financial Times fDi Magazine calculates this based on five criteria: economic potential, labour environment, cost effectiveness, infrastructure and business friendliness.
- It also rates Catalonia as having the best investment attraction strategy amongst the regions in Europe qualified as large.
- In Catalonia, the Catalan Government via Catalonia Trade & Investment, the public agency for foreign investment attraction, develops this strategy.
Barcelona, February 12, 2018.- The Financial Times publication FDi Magazine has recognized Catalonia as the most attractive region in southern Europe in terms of foreign investment for 2018 and 2019. It is one of the most prestigious international rankings used by multinationals to study future business investment projects.
To develop this classification fDi Magazine analyses five criteria in more than 450 regions and cities in Europe: economic potential, labour environment, cost effectiveness, infrastructure and business friendliness. Taking into account these indicators, the ranking prepared by fDi Magazine determines that the five most attractive regions of southern Europe in 2018 and 2019 in terms of foreign investment attraction are Catalonia, Madrid, Lombardy, Istanbul and Lisbon.
According to the Secretary of Enterprise and Competitiveness, Joan Aregio, "this recognition shows that Catalonia has the assets, potential and determination to consolidate itself as one of the most attractive regions in Europe in terms of attracting foreign investment." "It is the second time running that Catalonia receives this recognition, it is a very clear indicator of the confidence that we generate abroad," emphasizes Aregio. "Catalonia has a privileged geostrategic position, a solid industrial base, an economy that is open to the world and is highly innovative," says the Secretary of Enterprise and Competitiveness, assets that also include "one of the most dynamic start-up communities in Europe and first class suppliers. "
The best strategy in terms of foreign investment attraction
Apart from recognizing Catalonia as the most attractive region in southern Europe in terms of foreign investment in 2018 and 2019, the publication also rewards Catalonia for having the best strategy to attract foreign investment among regions considered 'large' that is, those that exceed 4 million inhabitants. A strategy that is promoted by the Catalan Government through Catalonia Trade & Investment, created in 1985 and working through its headquarters in Barcelona and the Government’s network of 40 Trade and Investment Offices around the world.
The main objective of this strategy is to attract new productive investments to Catalonia as well as promoting the reinvestment and long-term establishment of foreign companies already established in Catalonia, fostering the interrelation of these multinational companies with Catalan suppliers. To this end, Catalonia Trade & Investment offers customized services in the landing phase such as the search for partners or local suppliers, the search for personnel, legal advice and the search for warehouses, land or offices, among others.
The agency’s strategy for attracting foreign investment is prioritized on the basis of three basic criteria: the main issuing investment countries, either traditional (Europe, Japan, the United States) or emerging (China and India), companies of global renown and leaders in their fields and those strategic projects that are economic motors and that have a real impact on stable and quality employment. This translates into the promotion of projects in the industrial, R & D, logistics fields, or regional decision-making centres in strategic sectors such as future vehicles, health, industry 4.0 (industrial IoT, 3D printing, artificial intelligence), and mobile technologies, principally.