The Catalan Government have attracted €480 millions of foreign investment in Catalonia during 2020 through ACCIÓ – the agency for the competitiveness of businesses from the Business and Knowledge Department of the Government of Catalonia-, 31% more than last year. The Minister of Business and Knowledge, Ramon Tremosa, together with the Executive Director of ACCIÓ, Joan Romero have informed so this Wednesday in press conference.
This is the balance of the Catalonia Trade & Investment unit, the ACCIÓ responsible area of foreign investment attraction in the Catalan Government. Therefore, during 2020 a total of 77 projects have been closed in Catalonia, which has meant the creation of 2,278 jobs and the maintenance of 1,144 more jobs.
Tremosa has confirmed that “despite the unfavorable context due to the pandemics, results for foreign investment attraction by the Catalan Government have been very relevant: there have been attracted €480 millions, the fourth best figure in the historical line”. He has highlighted that during the pandemics it has been possible “to provide a very encouraging result for Catalan economy” given that, moreover, there are 440 open projects of investment at the moment.
Tremosa has confirmed that 53% of materialized projects in 2020 have technologic character, what “confirms that Barcelona has a relevant role as emerging hub in this sector, key for 21st century economic activity”. He has explained that the strategy for attracting foreign investments “presents a very clear return and has become high quality public service: for each euro from public budget dedicated to investment attraction, 166 euros have been gained from foreign investment”.
The investor’s profile
The Executive Director of ACCIÓ, Joan Romero, has highlighted that “during the pandemics year we have achieved very good results, as ACCIÓ attracted every day from last year €1.3 millions of foreign investment”. Romero has affirmed that “these are figures that reflect Catalonia’s potential as location to attract foreign investments, a tendency that has increased over the last few years”. In fact, if we analyze wider periods to avoid the volatile effect of foreign investments, the volume of investment attracted by ACCIÓ in the last five years (2016-2020) has achieved €1,759 millions, 23% more than the previous five years period (2011-2015).
ACCIÓ Executive Director has also wanted to focus on the fact that “from the €480 millions from foreign investment during 2020, 87% corresponds to industrial projects”. From the sectorial point of view, a balance between more emerging and traditional sectors has been detected. Therefore, the list is led by TIC and digital transformation projects (with 32,5% of the total), cars and motorcycles industry (9,1%) and food and gourmet products (6,5%).