The economic locomotive of the country for its ability to attract investment from all over the world: first in Italy and even in the top ten in Europe, ahead of other big cities like Amsterdam, Berlin, Vienna, Stockholm and Brussels. This is the portrait of Milan emerging from the report “European cities and Regions of the future 2012/2013", published by the Financial Times' fDi.
"This is a result that confirms the ability of Milan to attract investment, not only in real estate but also in venture capital and innovation, as well as the entire production system of the city,” said Cristina Tajani, city councillor responsible for labour policies and economic development. Initiatives by city hall to encourage collaboration between public and private sectors, continued the councillor, represent the best business card for Milan, and create market opportunities and a place where young people can develop businesses, employment and investment, particularly in view of Expo 2015.
Despite overall poor performance of Italy, the report says, Milan ranks eighth among European cities by number of foreign investment projects. Foreign investment in the city mainly concerns businesses, both retail and wholesale, marketing and sales support. Milan is very attractive "both for the potential market of the metropolitan area and the region, and also as an entry point for multinational companies who want to enter the Italian market.
The top ten cities: London, Paris, Madrid, Dublin, Barcelona, Munich, Frankfurt, Milan, Amsterdam and Berlin. These are followed by Vienna, Stockholm, Brussels, Düsseldorf, Copenhagen, Zürich. Hamburg, Geneva, Manchester, Lyon, Antwerp, Rome, Cologne, Belfast, Lisbon, Athens, Edinburgh, Glasgow, Birmingham and Helsinki.
The report takes into account 468 locations, both cities and regions, evaluated on the basis of their ability to attract foreign direct investment on the basis of six criteria: economic potential, human capital and lifestyle, cost-efficiency, infrastructure and capacity to develop business and investment strategies".
The Financial Times report, picked up by Promos and by the Chamber of Commerce of Milan, and with scientific consultation by the Milan Politecnico, presents international investment flows towards Italy, with an emphasis on capital input from Brazil, Russia, India and China. In this context, the report explains, “Lombardy was ranked among the best southern European regions for investment strategies, and with its economic potential represents one of the four locomotives of Europe together with Baden-Württemberg in Germany, the South-East of the United Kingdom and the Île de France.