Business Region Göteborg AB

€100 billion to be invested in red-hot Swedish growth region

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Volvo’s home town Gothenburg is set to see €100 billion invested in property over the next 20 years. The large-scale expansion is driven by an economic growth rate that is among the highest in Europe.

In an economically and politically turbulent Europe the Swedish economy is red hot. In Sweden’s second largest metropolitan area there are plans for record investments in a national context.

The finding is contained in a study that Business Region Göteborg will be presenting at the MIPIM investors summit in Cannes.

There are plans to spend €100 billion on building new housing, offices, retail space, infrastructure and logistics facilities by 2035.

“These are large volumes, so it is important to ensure that international players are involved in competing for the projects,” says Henrik Einarsson, Head of Establishment and Investment Services at Business Region Göteborg.

The plans have been spurred by a nearly six-year-long period of unbroken economic growth and a long-term positive trend since the early 1990s.

Innovative companies like Volvo Cars, Volvo Group, AstraZeneca and Ericsson have been investing significant resources in research and development. The knowledge-intensive services sector is attracting talented individuals. The Gothenburg region has lower unemployment than the Stockholm region. Purchasing power is increasing, and demand for offices and housing is rising.

“The market is reassured by the strong long-term trend and sees good investment opportunities in a stable and growing Scandinavian metropolitan region,” says Henrik Einarsson.

Exports and domestic consumption are pushing Swedish growth rates to the top of the European table. In 2015 Swedish GDP grew by 4.1 per cent. Goods exports from the Gothenburg region were up by 15 per cent on the previous year. For Sweden as a whole the increase was 5 per cent.

The United States is the Gothenburg region’s largest export market and also the market that is seeing the fastest growth. Goods exports to the US soared by 45 per cent last year. Among the Gothenburg region’s other export markets, the UK, France, Germany and China are the fastest-growing.

More information about growth and investment opportunities in Gothenburg will be available in booth P1-J24at MIPIM in Cannes from 15–18 March.

Some of the plans are visualised in the RiverCity Gothenburg animation, which can be viewed at www.gothenburgatmipim.se. The film is free for publishing.

Contact: Henrik Einarsson, Head of Establishment and Investment Services at Business Region Göteborg:

henrik.einarsson@businessregion.se, +46 31 367 61 27

Business Region Göteborg ansvarar för näringslivsutveckling i Göteborgs Stad och representerar 13 kommuner i regionen. Business Region Göteborg ska bidra till att skapa fler arbetstillfällen och därigenom åstadkomma en hållbar tillväxt i Göteborgsregionens näringsliv. Detta gör vi genom att erbjuda kunskap och kontakter som skapar förutsättningar för dig som vill starta, etablera eller utveckla företag i regionen.

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Business Region Göteborg AB
Business Region Göteborg AB
Norra Hamngatan 14
404 23 Göteborg

+46 (0)31-367 61 49https://www.businessregiongoteborg.se/sv/

Business Region Göteborg ansvarar för näringslivsutveckling i Göteborgs Stad och representerar 13 kommuner i regionen. Business Region Göteborg ska bidra till att skapa fler arbetstillfällen och därigenom åstadkomma en hållbar tillväxt i Göteborgsregionens näringsliv. Detta gör vi genom att erbjuda kunskap och kontakter som skapar förutsättningar för dig som vill starta, etablera eller utveckla företag i regionen.

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