Madrid Surges As Principal Destination Of Foreign Investment

The latest figures showing foreign investment in Spain shows that the Community of Madrid has surged ahead as by far the most popular destination in Spain.

According to the Ministry of Industry, Commerce and Tourism, in the first half of the year over 4 billion Euros has been invested in the region, representing 60% of the national total.

Madrid’s nearest rival is Catalunia which attracted 19% of the national total.

The largest investors originated in Luxembourg, with 25,4% followed by the United States on 23,2%.
The main sectors for investments include telecomunications with 21.6% of the total and energy on 20.8%.
Only 5.2% is financial services and investment funds, an area that has been earmarked for promotion – especially those from the United States which has fallen from 1.7 billion Euros to little over 320 million Euros in the last three years.
This week Madrid´s regional premier, Isabel Diaz Ayuso, has been in New York, to promote the Spanish capital to US funds and investors as a “centre of attraction.”
She is due to meet senior executives from leading US companies such as Blackrock and Torino Capital where she is due to highlight her low tax vision for the region.
The Madrid region represents some 20% of Spanish GDP.
In addition she has been promoting the region as a filming and production centre for the US movie industry in line with the central government´s drive to make Spain more attractive for the industry.
She is also complimenting her visit to promote Madrid for tourism – the region targeted New York last year for a travel campaign which is being enhanced this year to include the education sector to encourage US students to learn Spanish in Madrid.




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