Barcelona defies Spain's decline in FDI
21 Oct 2012
While FDI into Spain has decreased in the first nine months of 2012, compared to the same period in 2011, Barcelona has experienced a significant increase in FDI in this period.
According to data from greenfield investment monitor fDi Markets, FDI into Spain was down by 12% in the first nine months of 2012, compared to the same period in 2011. Between January 2012 and September 2012, a total of 161 FDI projects were recorded, representing total capital investment of $904.9m. In the first nine months of 2011, 182 FDI projects were recorded, representing total capital investment of $1.19bn.
While FDI into the Spanish capital of Madrid remained relatively unchanged during the period – with 43 projects recorded in 2012 compared to 44 in 2011 – FDI into Barcelona doubled from 29 projects in 2011 to 58 in 2012. Capital expenditure also reflected this increase, with total capital investment of $230.9m recorded in Barcelona between January and September 2012, an increase of 381% on the same period in 2011, when capital investment amounted to just $48m.
Some of the companies announcing investment projects in Barcelona in the first nine months of 2012 included France-based consulting firm Altran Technologies and Germany-based personal care company Henkel.
Source: fDi Belfast, 20/11/2012
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