• Germany edition
 
Germany top destination for foreign investment
Photo: DPA

Germany top destination for foreign investment

Published: 19 Jan 2013 09:57 GMT+01:00
Updated: 19 Jan 2013 09:57 GMT+01:00

Düsseldorf was the most popular destination for foreign investors in Germany, followed by Berlin and Frankfurt.

Düsseldorf was ranked 13th worldwide on the list of top cities attracting foreign investments with a 256 percent increase, supported by large investments from international telecommunications firms like Vodafone, Ericsson and the Chinese company ZTE.

The data, which compared 2011 levels to 2010, showed a 77 percent increase in foreign investment in Germany resulting from 600 projects that created 26,000 new jobs.

Germany bucked the worldwide trend, where the economic and financial crises made investors much less likely to fund overseas projects. Worldwide foreign investment dropped eight percent in 2011 over the previous year.

Developing countries were hardest hit by the decline, with foreign investment down 21 percent in India, three percent in Brazil, 13 percent in Russia and 15 percent in China. Uncertain economic conditions were behind the decline, the study said.

Germany was able to profit from a trend for foreigners to fund smaller rather than large projects, especially in the consumer sector. Mature markets in which consumers have a strong buying power, as in Germany, were the winners. Foreign investment in the retail and wholesale sector rose by 400 percent, compared to an international increase of 61 percent, the study said.

The Local/mw

The Local (news@thelocal.de)

Your comments about this article

14:46 January 19, 2013 by chicagolive
Hell everything will get finished and with the massive cost overruns on almost every project started nowadays I would invest too.
12:55 January 23, 2013 by Brint
I'm surprised that the fact that Great Britain has now surpassed France in becoming Germany's biggest global trading partner, hasn't apparently been deemed even worth a mention in any of the online German publications I've looked at over the last couple of days.
Today's headlines
JobTalk Germany
How to become an au pair in Germany
Photo: DPA

How to become an au pair in Germany

It’s not quite as romantic as the Nanny Diaries, nor is it as magical as Mary Poppins. But being an au pair in Germany can be fun, as Emma Anderson finds out. READ  

Merkel hails 'impressive' French reform plans
Merkel and Valls on Monday in Berlin. Photo: DPA

Merkel hails 'impressive' French reform plans

French Prime Minister Manuel Valls visited Chancellor Angela Merkel in Berlin on Monday, hoping to gain Germany's blessing for his revised economic reform programme. READ  

German Fifa exec: 'Qatar won't host World Cup'
Theo Zwanziger and one of the planned stadiums in Qatar. Photo: DPA

German Fifa exec: 'Qatar won't host World Cup'

Germany's top Fifa official said on Monday Qatar will not host the 2022 World Cup as planned, due to climate conditions. Qatar's successful bid to host the tournament has been marred by corruption and human rights concerns. READ  

Germany plans air lifts to help fight Ebola
A Liberian man holds his daughter as they wait for treatment for suspected Ebola symptoms in Monrovia. Photo: DPA

Germany plans air lifts to help fight Ebola

Germany and France will send military transport planes to West Africa to help efforts to contain the Ebola epidemic, Chancellor Angela Merkel and military officials said on Friday. READ  

Amazon workers walk out again
Amazon workers striking in Graben, Bavaria, on Monday. Photo: DPA

Amazon workers walk out again

Four Amazon shipping centres in Germany were the target of fresh walkouts on Monday in a long-running wage dispute with the US online retail giant. READ  

Half of German navy helicopters grounded
A German navy Sea Lynx helicopter. Photo: DPA

Half of German navy helicopters grounded

Half of the German navy helicopter fleet has been grounded after engineers found large tears in the panelling of a British-made machine on deployment. READ  

Germans say 'bah humbug' to early Xmas
Photo: DPA

Germans say 'bah humbug' to early Xmas

Christmas treats have already hit the supermarket shelves, but Germans surveyed by YouGov say "too soon!", while a third of respondents are for the government taking action to name a release date for holiday wares. READ  

Hoeneß pays tax bill, takes day off prison
Photo: DPA

Hoeneß pays tax bill, takes day off prison

The disgraced former president of Bayern Munich FC, Uli Hoeneß has paid €30 million of his outstanding taxes, the Süddeutsche Zeitung reported on Monday, and has taken a day off prison. READ  

Oktoberfest 2014
Fights and a skinny dip kick off Oktoberfest
Photo: DPA

Fights and a skinny dip kick off Oktoberfest

UPDATE: Paramedics and police were kept busy at the opening weekend of Munich's Oktoberfest, treating hundreds of revellers and arresting dozens, though it was still considered a peaceful start. READ  

Child warriors, 13, leave Germany for jihad
A photograph from the jihadist affiliated group Albaraka News allegedly shows a fighter from the Islamic State of Iraq and Syria (ISIS) tying up an Iraqi soldier Photo: DPA/EPA

Child warriors, 13, leave Germany for jihad

Children as young as 13 are travelling from Germany to Syria and Iraq to join Islamic jihadists, according to German intelligence agencies. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
DPA
Gallery
The best photos from Oktoberfest's opening weekend
Photo: DPA
Munich
Your guide to Munich Oktoberfest's food
Marks & Spencer
Sponsored Article
Marks and Spencer: Win €300 toward your new autumn wardrobe
Photo: Joanna Drath, University of Tübingen
Society
Europeans descended from three tribes
Photo: DPA
Culture
Your guide to Munich Oktoberfest's tents
Photo: DPA
Hamburg
Drunk teachers ruin school trip to Hamburg
Photo: DPA
Gallery
Oktoberfest 2014: The best and worst in dirndl fashion
Photo: Shutterstock
Gallery
Ten German words you'll never want to hear again
Photo: DPA
Education
German universities tumble in global rankings
Photo: Shutterstock
Business & Money
The three types of firms hiring foreigners
Photo: DPA
Berlin
Frisky couple shock Berlin commuters
Sponsored Article
Bilingual education from nursery to graduation at Phorms
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
National
Share news tips with The Local Germany
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

3,327
jobs available
Toytown Germany
Germany's English-speaking crowd