Spain # 4 in Europe to attract foreign investors

Spain became the fourth most attractive European country for foreign investment in 2007, behind the United Kingdom, France and Germany, and accounted for 6.9% of all projects implemented across Europe, according to a report issued by Ernst & Young.

In total, Spain received 256 foreign investment projects over last year, 21% up on 2006, when it also came fourth in the ranking.

As far as employment creation associated with investment projects is concerned, Spain recorded a 31% decrease, bettering results in Germany (-40%), Ireland (-44%) or Portugal (-59%), and placing the country at a similar level to France (-19%).

When asked about future prospects, 8% of those surveyed named Spain as a ‘possible’ destination for their next investment or expansion projects. In this respect, Spain lags behind countries such Poland, Germany, Russia or France which achieved levels of 18%, 16%, 12% and 11% respectively.

Interes is the Spanish governmental agency dealing with attracting foreign investment. They publish several sector studies at their website.

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