Castile-La Mancha, a land of opportunity for foreign investors

  • Economy

Castile-La Mancha, a land of opportunity for foreign investors

Patricia Franco, Castile-La Mancha Minister of Economy, talking about the advantages of investing in the region. Photo: IPEX.
Patricia Franco, Castile-La Mancha Minister of Economy, talking about the advantages of investing in the region. Photo: IPEX.

With the collaboration of the Foreign Trade and Investment Institute (IPEX), the Castile-La Mancha Ministry of Economy organised a business workshop for Foreign Multinationals for the Spain Brandabout the investment opportunities and facilitation in the region.

At the workshop, the Castile-La Mancha Minister of Economy, Business and Employment, Patricia Franco, talked about the advantages of investing in the region, which has witnessed steady GDP growth for the past ten quarters and boasts the sharpest business confidence indexrise in the country. She also highlighted the region’s large export volume, worth 6460 million euro, with a growth rate of 11%.

The event drew more than 100 businessmen from all over Spain and Europe, plus the representatives of about 20 embassies of foreign countries.

A region with bright prospects

Castile-La Mancha has become a land of opportunity for foreign investment, which doubled in 2016 to reach 104 million euro and has grown by 70% so far this year, totalling 177 million euro. In sum, the prospects for investors could not be brighter.

The sectors with the highest levels of investment are electrical equipment and computers, food, chemicals, pharmaceuticals and logistics. By country of origin, France, the UK, the Netherlands and Switzerland top the list. As to non-EU countries, we should mention China, USA and Colombia.

Castile-La Mancha’s most interesting investment projects include plants of Michelin and FM Logistic in Illescas, Ball Corporation in Cabanillas del Campo, Puy du Fou in Toledo, Nokian Tyres in Santa Cruz de la Zarza and Serbatic en Cuenca.

With the help of IPEX and its many promotional events, the region of Castile-La Mancha is planning to attract new companies in new industrial sectors. Accordingly, Ms Franco travelled to London on 7 November and she is travelling to Amsterdam on 21 November to show the benefits of the region as a world-class investment destination.