USA Tops Germany's Investor Lists
BERLIN, May 7, 2013 /PRNewswire/ --
With 133 new projects, the USA again stands top of Germany's foreign direct investment (FDI) lists for 2012, according to Germany Trade & Invest (GTAI), the country's economic development agency.
Switzerland was second with 116 and China was the main part of the significant Asian share with 99 projects. Germany's the overall number of new investment projects rose 3 per cent to 854 for the year.
R&D projects were prominent, as Germany develops its reputation for being a place of technological advance.
"More than three quarters of the FDI projects were so-called 'greenfield projects', the development of new factories," said GTAI's Thomas Bozoyan.
"With around half of the projects, Europe is the most important source of FDI, followed by Asia with a quarter."
There was also no specific industry above the rest, which reflects well generally on the strength of the German economy and the diversification offered by the Mittelstand, Germany's vast small-to-medium enterprise sector. A similar picture was painted with the projects directly carried out by GTAI - although China topped the table here with 21, followed by the USA with 14. The number of FDI source countries rose from 64 in 2011 to 72 in 2012.
The bigger the number of countries bringing FDI to Germany, the better," said Dr. Robert Hermann, Head of Investor Services at Germany Trade and Invest.
"The foundation of FDI becomes stronger as a result. 3,032 jobs have been created by the projects in different states, up on 2011's 2,672, and 63 per cent of them in the former Eastern German states.
"The total of investment has grown to around EUR 135m, a further boost to Germany's economy."
Germany Trade & Invest is the foreign trade and inward investment promotion agency of the Federal Republic of Germany. The organization advises foreign companies looking to expand their business activities in the German market. It provides information on foreign trade to German companies that seek to enter foreign markets.
Germany Trade & Invest
SOURCE Germany Trade and Invest