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Focus on Antwerp. Your Prime Business Destination for Europe Focus on Antwerp Focus on Antwerp. Your prime business destination for Europe Focus on Antwerp. Your prime business destination for Europe For more information, please contact City of Antwerp Business & City Marketing Francis Wellesplein 1 - 2018 Antwerp t +32(0)3 338 65 20 [email protected] www.businessinantwerp.eu Antwerp. Contents An important city in Europe FOREWORD Investors and entrepreneurs from around the world are discovering 7 9 Antwerp to be their prime business location. A global city Economic With insights based on testimonials from successful companies and on a human engine economic facts and figures, this publication demonstrates that the city scale of Belgium of Antwerp and the surrounding region has the potential to be the ideal backdrop for your business too. Antwerp is open for business. Antwerp, your prime business location, stands out on the international 13 19 stage through: Prime region High • its excellent infrastructure as a multimodal crossroads; • the purchasing power of its regional and international for foreign productivity consumer markets; investment through excellent • the high quality of its education and language skills; education • the presence of a world port, a distinguished logistics, maritime and chemicals cluster and a developing healthcare cluster; • its cultural and historical heritage; • its creative and trendy image: as a shopping city, { a culinary city, a fashion city and a diamond city. 23 27 The port High-quality of Antwerp, business Antwerp is an important city in Europe, full of character gateway environment and ready for new investment. to Europe Antwerp is your prime business destination for Europe. 31 Quality of life Focus on Antwerp. Your prime business destination for Europe 5 1 Antwerp. A global city on a human scale Antwerp, the centre of Europe Antwerp is perfectly placed for serving the European heartland. What’s more, the local workforce is highly motivated, productive and flexible. Our foreign Antwerp is the largest city in Flanders, a very prosperous region in the north of Belgium. employees soon discover that we are very much driven The city itself is home to 506,000 inhabitants. Located a mere 40 km from Brussels, the ‘capital’ by results. Expats really enjoy living and working in of Europe, Antwerp is within easy reach of all major consumer centres: 60% of Europe’s total Antwerp as they often can get by in their own language. buying power is contained within a 500 km radius of the city. umicore, worldwide materials technology group An extensive and multimodal transport network provides optimal connections between Antwerp and all major European cities. Alongside a well-connected road network, the city also has a business airport and a high-speed train station. Antwerp is located 80 km inland with excellent links to the North Sea. The port of Antwerp has gradually developed along the banks of the river Scheldt into the second largest port in Europe. As such, Antwerp is very much a world player in the logistics realm. However, the port also provides the backdrop for major industry. Antwerp’s (petro)chemicals cluster, for instance, Antwerp is the second largest in the world after Houston. The city is also the undisputed global centre for diamonds and enjoys an international reputation as a fashion and jewellery city. These creative sectors thrive in a sparkling, lively city where culture Brussels and quality of life are held in high esteem. Antwerp has an exceptionally broad and varied range of theatres, museums, cafés and restaurants and continues to add weight to its reputation as BELGIUM a shopping city with an international flavour. Thus, supported by interesting investment incentives, Antwerp offers a perfect place to do (inter)national business. Table 1.1 Inhabitants in and around the city of Antwerp on January 1st, 2013 Region inhabitants City of Antwerp 506,091 Agglomeration of Antwerp 1,015,250 Province of Antwerp 1,790,924 london Flanders 6,376,425 Amsterdam Belgium 11,082,744 Berlin SourCE: DirECTorate-gEnErAl Statistics AnD EConoMiC inFormation FPS EConomy, 2013 Paris Map of Western Europe, depicting Antwerp Focus on Antwerp. Your prime business destination for Europe 7 2 Antwerp. Economic engine of Belgium 2.1 Economic activity Belgium’s GDP (Gross Domestic Product) was 375,881 million euro in 2012, up from 356,125 million euro in 2010. Of the 2010 figure, 18% (65,822 million euro) was generated in the province of Antwerp. Table 2.1 Belgian GDP in million euro Location YeaR MiLLions of euRo PeRcentage of totaL Province of Antwerp 2010 65,822 18% Brussels Capital 2010 67,666 19% Belgium 2010 356,125 100% Belgium 2012 375,881 100% SourCE: Eurostat, 2013 2.2 GDP per capita Figure 2.1 shows that Belgium’s GDP per capita at purchasing power parity is significantly higher than the European average. Belgium scores 19% better than average for the European Union (EU) and 10% better than the Euro zone average. Within Belgium, Antwerp stands out with a GDP per capita that is 37% higher than the EU average. These figures clearly demonstrate that Antwerp is a major economic engine within Belgium and the whole of Europe. Figure 2.2 GDP per capita in purchasing power standard per inhabitant in percentage of the EU average in 2010 Antwerp is clearly an economic Antwerp, an economic engine engine Antwerp’s economy is the driving force behind 137 119 109 100 the region’s prosperity and welfare. Katoen natie, Antwerp value-added logistics services provider Province of Antwerp Belgium Euro area 17 Eu27 Bron: Eurostat, 2013 Focus on Antwerp. Your prime business destination for Europe 9 2.3 Economic growth Belgium’s economic growth is closely linked to that of Europe. In recent years, Belgium’s growth figures have generally been just above the figure for the Eurozone. On average, Belgium has realized 1.5% economic growth since 2000 compared to 1.3% in the Eurozone. Figure 2.3 GDP growth in percentage change on previous period 2000-2012 4 - 4.5 - 0.4 2 - 4.4 - 0.6 - 2.8 - 0.1 2009 2012 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2010 2011 3.9 2 1.3 1.5 2.6 2.2 3.4 3.2 0.4 2 1.7 - 2 3.8 2 0.9 0.7 2.2 1.7 3.2 3 0.4 2 1.5 Eu27 3.7 0.8 1.4 0.8 3.3 1.8 2.7 2.9 1 2.4 1.8 - 4 Euro area 17 Belgium SourCE: Eurostat, 2013 2.4 Business in Antwerp Figure 2.4 shows the breakdown of the number of businesses in Antwerp by sector. The primary sector (agriculture) has a relatively marginal position with just 1% of all business, while the secondary sector (industry) accounts for 19%. The tertiary sector (services) is by far the most important with 67% of Antwerp businesses. The quaternary sector (non-profit) accounts for 14%. Figure 2.4 Percentage of Antwerp businesses per sector in 2013 Primary sector 1% Quaternary sector 14% Services are the most important sector in Antwerp Secondary sector 19% Tertiary Antwerp’s available skills sector are excellent 67% SourCE: VKBo, 2013 Total has invested 1 billion euro in the Antwerp plant. The concentration of activities reinforces the earning capacity of the complex. Moreover, Antwerp’s location Recent decades have seen massive growth in the services sector. In Antwerp, however, this and available skills are excellent. evolution has not been accompanied by a reduction in industrial activity. In fact, Antwerp remains one of the most important locations for industry in Belgium, ensuring a significantly diverse Patrick Pouyanné, President of refining & Chemicals, Total economic structure. In comparison, in cities such as Paris, London and Frankfurt, almost all economic activity is concentrated in the tertiary sector. Focus on Antwerp. Your prime business destination for Europe 11 3 Antwerp. Prime region for foreign investment 3.1 Open economy Belgium is positioned 4th in the ranking of most open economies in the world as measured by Ernst & Young. The rankings measure the degree of globalisation of the 60 largest countries or territories by GDP and consider 20 indicators across 5 pillars: openness to trade; capital flows; exchange of technology and ideas; labour movements; and cultural integration. “Belgium traditionally gets a high score in the globalisation index,” explains Rudi Braes, Managing Partner of Ernst & Young Belgium. “This is logical because Belgium’s economy and wealth relays primarily on export and foreign investments because of the limited size of the country.” Table 3.1 Top 10 Globalisation Index 2012 Rank country scoRe change change tRade caPitaL LaboR technoLogY cuLtuRe 2012 in scoRe in scoRe since 2011 since 1995 1 Hong Kong 7.81 0.06 1.96 8.27 8.46 4.81 8.54 8.89 2 Singapore 6.31 - 0.02 1.01 8.57 6.04 4.80 5.56 6.31 3 ireland 5.63 0.08 1.20 6.32 6.04 5.90 3.68 6.35 4 Belgium 5.49 0.11 1.17 6.39 6.64 5.60 4.27 4.29 5 Switzerland 5.30 0.04 1.49 5.32 5.64 6.15 4.33 5.06 6 netherlands 5.19 0.02 0.92 6.24 5.59 5.19 4.49 4.21 7 Sweden 4.96 0.01 0.97 6.27 5.29 4.82 4.07 4.12 8 Denmark 4.94 0.01 0.92 5.88 5.33 4.88 4.26 4.12 9 Hungary 4.75 0.07 1.02 6.63 4.15 5.03 3.82 3.92 united 10 4.74 0.03 0.63 5.89 4.81 4.83 3.94 4.06 Kingdom Antwerp is open for business SourCE: Ernst & Young, looKing BEYonD THE obviouS - globalization AnD nEW oPPorTuniTiES For groWTH, 2013 Flanders accounts for 80% of Belgium’s exports and imports.
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