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Record Number of Foreign Investments in Netherlands

 

THE HAGUE-The Netherlands attracted a record 261 new foreign investment projects in 2010. But these created relatively few new jobs, it emerges from the preliminary Dutch results of the Global Location Trends report published annually by an IBM consultancy group.

In total, the 261 projects will create 4,800 new jobs, meaning that the total is down from about 5,200 from 2009 projects. Most new companies come from the US, but China has positioned itself as the second most important investor in the Netherlands.

"These results on the one hand confirm that the stable Dutch business climate remains attractive to foreign investors, but on the other, also that the Netherlands is missing the boat for investments with which a reasonable number of jobs are created," says Roel Spee of IBM, who coordinates the global study. "To an increasing degree, it is small services companies that the Netherlands is attracting, and less and less, production or research and development, the business functions that contribute much added value."

What is also notable in the study is that China is busy becoming an important investor at a rapid rate. "That country generated 23 new establishments in the Netherlands with 300 new jobs. This puts it at number two as investing country, after the United States, which was again the most important investing country with 82 establishments and nearly 2,000 jobs."

With some 3,000 new jobs, 500 more than in 2009, the importance of western Netherlands has increased, while the other three parts of the country saw a decline. "The Amsterdam region dominates with 124 projects, followed at a distance by Rotterdam (21) and The Hague (20) and then the towns in Brabant."

By sector, it is Information and Communication Technology (17 percent), Business Services (13 percent) and Logistics (10 percent) that yield the most investments. "Industrial operations which are more strongly export-oriented and therefore add more value to the national economy are opting less and less for the Netherlands."

Source: NisNews