Foreign direct investments to Stockholm continue to increase

Stockholm, Sweden continues to be a hot pick in Northern Europe for investors. During 2010, 183 qualified foreign direct investments were made in the region which was an increase of 12 percent compared to 2009.

The most attractive sector for investors remained to be ICT, followed by retail, business services and cleantech. That is revealed by the year-end result from Stockholm Business Region, the official investment promotion agency of the region.

“There is a significant interest for Stockholm as an investment destination. Highly educated people, lots of innovative companies, and an economic growth that is on top in Europe contribute to this strong result. It is important that we continue to support this development, despite an increasing international competition, and keep strengthen our ability to attract investments” said Mrs Ulla Hamilton, Deputy Mayor of Stockholm, responsible for the business community.

Last year Stockholm Business Region contributed to 56 new investments in the region, with an estimated value of SEK 1.3 billion, which are 44 percent of all investments in Sweden driven by an investment promotion agency.

Quick facts

• Most investors came from USA (39), followed by UK (22), Norway (20) and China (15)
• Most attractive sectors were ICT (48), retail (29) business services (21), cleantech 16 and life science (13)
• Investments involving Stockholm Business Region was worth SEK 1.3 billion, securing or creating 689 jobs
• A foreign direct investment includes new establishment, expansion, investment, acquisition, licensing, strategic alliance and joint venture
• Examples of companies are Wind River (US), Imtech (Netherlands), Omena (Finland), Toshiba (Japan), Doc Morris/Celesio (Germany) and Google (US)

The latest investments in the Stockholm region is published regularly here: www.twitter.com/investstockholm

For more information
Per Holmlund, PR Manager, Stockholm Business Region
+46 (0)70-472 80 69, per.holmlund@stockholm.se

About Stockholm Business Region
Stockholm Business Region is the official investment promotion agency for the Stockholm region. Stockholm is one of Europe’s most dynamic regions. With continual high growth, world-leading clusters within life science, cleantech and ICT, and as a center for fashion and design, Stockholm is the natural capital city of Scandinavia.
www.investstockholm.com