• Germany edition
 
Hundreds of great job opportunities for foreign professionals at Germany's top employers - in cooperation with Monster, Experteer, Stepstone, and CareerBuilder.
What
Where
3,306
jobs available
Find English-speaking professionals with The Local.
Advertise a vacancy
Western state attracts most foreign investors
Photo: DPA

Western state attracts most foreign investors

Published: 15 Jul 2012 11:17 CET

About 25 percent of international investors would tip Bavaria as a particularly attractive state, followed by neighbour Baden-Württemberg with ten percent, the study by consultancy firm Ernst & Young shows.

The more gritty western industrial state of North Rhine-Westphalia (NRW) is only tipped as an attractive region for investment by six percent of those asked.

Yet the figures show a different story, with by far the most foreign investment projects starting up in NRW, Sunday’s Die Welt newspaper reported.

Last year 155 foreign investment projects started up in NRW, more than three times the number in Bavaria.

“NRW is a strong economic location with good infrastructure and a big workforce potential,” study author Peter Englisch told the paper.

With 4,550 jobs created due to foreign investment in 2011, NRW was streets ahead of other states, with Berlin following with 1,975, Baden-Württemberg in third place with 1,817 and Bavaria in sixth place with 1,548.

NRW cities Düsseldorf and Cologne were among the top five top German spots for foreign investments. Düsseldorf leads with 52 projects last year, followed by Frankfurt with 48 and Berlin with 38. Bavaria’s Munich is ranked fourth with 31 projects.

The study also shows that Chinese firms are particularly keen to invest in NRW, while the Swiss tend to opt for Baden-Württemberg which is just next-door. British investors head for Berlin, even though, Englisch said, “Business orientation is missing there, as is support for investors.”

Tellingly, the vast majority of companies investing in the capital city were novices in Germany – of those already active in the country, just two percent said they could imagine setting up a business or subsidiary there.

The strongest industries were auto making and machine building, as well as information technology. Investors come to Germany intending to get a foothold in the market to increase turnover, the papers said, although the country is also highly-regarded as a place to conduct research.

Most of last year’s foreign investors came from the US, although there was an increase from Switzerland, fleeing the strong franc, said Englisch. Chinese investments were also on the increase.

Overall, foreign investment in Germany is rising, with the number of projects up by seven percent in 2011 over the previous year.

The Local/hc

The Local (news@thelocal.de)


Don't miss...X
Left Right

Your comments about this article:

The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.

ADD YOUR COMMENT   (YOU MUST LOG IN OR REGISTER TO MAKE A COMMENT)
Your German Career
Germany's Federal Employment Agency has identified the job sectors the country is most short of workers for. JobTalk looks at where the vacancies lie.
Students at German universities have shown themselves to be a risk-free lot in a survey by Ernst & Young. The civil service is their most popular choice of future profession, while job security is valued above all else.
Jenny Core, originally from Bolton, England, shares her tips in this week’s My German Career on being an artist in Berlin. The 27-year-old exhibits her work regularly in the city, including next to a Turner Prize shortlister.
In this week's JobTalk, Tanya Schober, who is originally from India, talks us through her journey to German citizenship.
In this week's My German Career, Anupama Gopalakrishna, who is originally from Bangalore in India, tells The Local about her new life in Frankfurt.
In this week's My German Career, US pastor Jeff Ingram, 54, talks about life in the church and the advantages as well as the downside of Germany's desire for order.
German Employment News
What would happen if everyone was suddenly paid €1,000 a month with no strings attached? "Let's try it," says Michael Bohmeyer, who raised the money through crowdfunding and will now experiment with the idea of a basic income for one year.
Germany lags its rivals when it comes to innovation, according to global rankings. But in other measures it leads Europe in technological progress. How innovative is the country really?
Germany's Federal Employment Agency has identified the job sectors the country is most short of workers for. JobTalk looks at where the vacancies lie.
JobTalk this week looks out of the classroom window and up from the translator’s desk at some of the best jobs for expats in Germany.
What holds back talented foreigners in Germany's job market? Recruitment expert Chris Pyak looks at three misconceptions which may be hindering your success when applying for jobs.
US vice president Joe Biden suggested Germany was “xenophobic” last week. His comments caused a lot of debate among our readers. But was he right? Are immigrants hindered in the job market? JobTalk takes a look.

Officer - Submission & Bio/Cash
VFS TasHeel International is seeking a Submission & Bio/Cash Officer to manage day-to-day activities of the Visa Application Centre in Frankfurt and Berlin.
FULL JOB AD »

Approach People
hamburg
Careerbuilder
Added 07/27/14

CPL Ireland
hamburg
Careerbuilder
Added 07/27/14

FPSG Connect Ltd
bawu
Careerbuilder
Added 07/27/14

Language Matters
hesse
Careerbuilder
Added 07/27/14

Manpower Ireland
nrw
Careerbuilder
Added 07/27/14

Origin Multilingual
hesse
Careerbuilder
Added 07/27/14

Sigmar Recruitment
nrw
Careerbuilder
Added 07/27/14

Hays AG
bavaria
Careerbuilder
Added 07/27/14

Allianz Global Corporate & Specialty AG
bavaria
Monster
Added 07/27/14

Deutsche Börse AG
hesse
Monster
Added 07/27/14