Hamburg gains ground in European competition among locations15 February 2018
The Hanseatic City of Hamburg moves up to 4th place in latest ranking of large European cities, with toughest competition from within Germany
Hamburg gains ground in European competition among locations
In the eyes of international investors, Hamburg is one of the most attractive locations in Europe. These are the findings of the "European Cities and Regions of the Future 2018/2019" ranking conducted by fDi Magazine, a foreign direct investment publication of the Financial Times Group. As part of the survey, a total of 489 cities and regions were assessed. In the large European cities category, Hamburg was ranked 4th in the overall rating (2016/2017: 5th place).
Hamburg scored particularly well with regard to human capital and lifestyle (3rd place), economic potential (5th place), connectivity (5th place), and business friendliness (10th place). "In an ever more competitive global investment landscape and at a time when Europe is moving into a new political chapter with continuing uncertainties, it is equally challenging and important for cities and regions across Europe to bolster their appeal for foreign direct investment. fDi Magazine's rankings are the result of a detailed, in-depth benchmarking exercise to determine the European locations with the brightest prospects for future inward investment. We applaud Hamburg's success in these rankings," said fDi Magazine's editor-in-chief Courtney Fingar.
Hamburg’s Minister for Economic Affairs, Frank Horch, is delighted with the results: "The Hamburg Senate aims to position Hamburg at the forefront of locational competition. Moving into the future requires strategy, as the economy is subject to considerable changes – and so are Hamburg businesses. Only locations that are able to transform can be deemed fit for the future. Hamburg is innovative, committed, and creative, and is currently taking giant steps forward". Dr Rolf Strittmatter, managing director of Hamburg Invest, adds: "Rankings are putting locations on the map. Only those locations that manage to achieve continuous positive results are considered to be suitable by expanding companies. The most recent results for Hamburg, which are once again positive, will help us attract companies from abroad."
The 2018/2019 ranking in the large European cities category is dominated by German cities: there are six German cities in the top ten, at places 1 to 5 and again at place 9. Frankfurt, Munich and Stuttgart are ranked ahead of Hamburg, while Düsseldorf follows at 5th and Cologne at 9th place. The remaining top ten positions are held by Manchester, Glasgow, Rotterdam, and Krakow.
The winning cities from the overall assessment are London, Dublin, Paris, Amsterdam, and Munich.
Assessment criteria included aspects such as economic power, quality of life, human capital, location costs, digital infrastructure, and business friendliness.