April 20th 2024 | 11:25

Bilbao

Bilbao among the best European cities to attract foreign investment

Bilbao foreign investment

Mairenis Gomez

February 15, 2024 | 6:17 p.m.

Bilbao reaches fourth place as the best European city for foreign investment

Bilbao, once again, rises among the European powers in attracting foreign investment. After its notable inclusion in the Top 10 of the previous year, the city has managed to rise six positions, placing it in the coveted fourth place in the prestigious European Cities and Regions of the Future 2024 ranking, prepared by the fDi Intelligence magazine, belonging to the influential British newspaper Financial Times.

A prominent position in Europe

Recognition of Bilbao as the fourth best large European city to attract foreign direct investment reflects hard work in economic promotion and urban development. This achievement is not the result of chance; It is the result of a carefully designed and executed strategy.

Clear and rigorous metrics

The ranking, which evaluates 370 European cities, uses more than 80 indicators divided into five fundamental categories. Economic potential, human capital and lifestyle, profitability, connectivity and ease of doing business. This methodology provides a comprehensive view of the business environment and quality of life in each location.

For his part, the Councilor for Economic Development, Commerce, Tourism and Employment of the Bilbao City Council. Xabier Ochandiano, expressed his satisfaction with the recognition, highlighting the city's commitment with the attraction and retention of international talent.

A continued commitment to excellence

Bilbao's rise in this ranking is not an isolated event. Since 2016, the city has been recognized by the Financial Times. Demonstrating a constant commitment to innovation, sustainability and smart development.

A success story

The relationship between Bilbao and the Financial Times dates back to 2016, when the city was awarded at the fDi Strategy Awards for its focus on becoming a smart city and an educational hub of excellence. Since then, Bilbao's presence on the international scene has been increasing, consolidating its reputation as an attractive destination for foreign investment.

Bilbao foreign investment
The ranking, which evaluates 370 European cities, considers various aspects ranging from economic potential

The promising future of Bilbao

Without a doubt, the awards ceremony for the European Cities and Regions of the Future 2024 ranking will take place at the prestigious event MIPIM – The Global Urban Festival, which will be held in Cannes from March 12 to 15. This recognition not only validates Bilbao's present, but also projects a promising future.. Marked by innovation, sustainability and sustained economic growth.

Bilbao, with its ability to reinvent itself and adapt to the challenges of the 21st century, continues to be a beacon of progress and development on the European scene. With each achievement, the city strengthens its position as a world-class destination for foreign investment. And an inspiring example for other cities in search of growth and prosperity.

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