Hamburg Confirms its Assets in European Locational Competition

Latest ranking places the Elbe city on rank five of Europe’s large cities / German cities as strongest competitors


Hamburg Confirms its Assets in European Locational Competition

For international investors, Hamburg is one of Europe’s most attractive destinations. This is the result of the “European Cities Regions of the Future 2016/2017“ ranking by fDi Magazine, a special interest title for foreign direct investments published by Financial Times Group. 481 cities and regions were evaluated in the survey. Hamburg was ranked fifth in the “Large European Cities“ category. Hamburg particularly scored high in quality of live and local labour market (ranked 3rd), economic potential (ranked 5th), business friendliness (ranked 7th), and digital infrastructure (ranked 8th). “Hamburg has proven to be highly competitive in our rankings both at city and state level, with numerous top ten placements in a range of categories. fDi's European Cities & Regions of the Future rankings are designed to identify the most promising locations for foreign direct investment across Europe. Any city or state receiving recognition in our listings should be proud. We congratulate Hamburg on its successful performance in the latest rankings", said Courtney Fingar, editor-in-chief, fDi Magazine. Frank Horch, Hamburg Minister of Economy, Transport, and Innovation, rejoiced: “The Hamburg Senate is constantly working on securing Hamburg’s strong position in the international locational competition. Numerous good positions in international location rankings of recent months have shown that we are on the right track.“

The ranking for the years 2016/2017 is dominated by German cities. In the top ten listing, they occupy the ranks one to five and eight. Listed ahead of Hamburg on the ranks one to four are   Frankfurt, Munich, Dusseldorf and Stuttgart. Cologne is ranked 8th. Oslo, Manchester, Rotterdam and Glasgow complete the top ten. For Germany, and particularly for Hamburg, the latest ranking represents a great leap forward. In a comparative study of the years 2014/2015, only two German cities, i.e. Munich and Leipzig, were listed among the top ten. Criteria considered in the ranking included, inter alia, economic strength, quality of life, skilled workforce, locational costs, digital infrastructure, and business friendliness. Dr. Rolf Strittmatter, Chief Executive Officer, HWF Business Development Corporation, commented: "The award by fDi Magazine is an incentive to sharpen our investment strategy once again and to address new markets. In 2016 and 2017, we will thus specifically target companies with German headquarters in Hamburg, but European headquarters outside of Germany, and promote a relocation of European activities to Hamburg."

Also 2015 has been a good year for Hamburg, with the city’s development and economy receiving high ratings and recognition in international surveys and rankings:

  • In August, the Organisation for Economic Co-operation and Development (OECD) honoured Hamburg’s positive development of recent years in a study entitled "Local Economic Leadership". In the survey, positive mentions of Hamburg, for example, included the city’s leadership in the field of today’s technologies, such as wind energy, and IT, along with the growth of tourism.

  • For international investors, Hamburg is the most attractive location in Germany. This is the result of a ranking conducted by fDi Magazine of the Financial Times Group in October. Comparing the number and volume of foreign investment projects for the years 2010 – 2014 based on 100,000 heads, Hamburg was ranked best, followed by Hesse, Berlin, Baden-Württemberg, and Saxony on the ranks two to five. 

  • Hamburg is one of those cities that may significantly benefit in the 21st century from the global race for the best human capital and investments. In December 2015, the international real estate consulting firm Jones Lang LaSalle listed the Hanseatic city in its "New World Cities" category as one of three German cities alongside Berlin and Munich.