INTERES Invest in Spain
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News
02|03|2006
The International Monetary Fund confirms the strength of the Spanish economy
In 2005 Spain's GDP grew by 3.4%.
02|03|2006
According to A.T. Kearney, Spain ranks high as an attractive offshoring destination
This has placed our country in ninth place when it comes to the value of human capital.
Case Studies
Genentech España S.L.
UNITED STATES OF AMERICA
Genentech Inc, a US company with its headquarters in San Francisco, is a world leader in R&D, development and commercialization of pharmaceutical products.
Foreign companies established in Galicia
C/ San Lázaro s/n 15703 Santiago de Compostela
Tel.: +34 981 54 11 62
Fax: +34 981 54 11 14
www.igape.es promocion@igape.es
Regions
Galicia
- Capital:
- Santiago de Compostela
- Total population:
- 2,728,772
- Foreign population:
- 81,442
- GDP:
- 50.44 mill. €
- GDP growth:
- 4.1 %
- Exports:
- 14,611.6 mill. €
- Imports:
- 15,639.4 mill. €
- Foreign investment:
- 96.1 mill. €
- Source: INE and Ministry of Industry, Tourism and Trade
Galicia
Reasons to invest
- Social and Labor Environment
- Competitiveness
- Market Access
- Modern infrastructure
- Investment support
Economic Structure
Sectors of interest
Energy and environment
Galicia is an exporter of electricity with power generation at hydro-electric and coal-fired power stations, mini-hydro plants and wind farms. The growth of this sector is driven by wind energy projects and incipient production connected to environmental protection. There is a wide range of investment opportunities in both types of energy source, as well as with the nascent solar power industry and everything else related to the development and conservation of the environment.
Telecommunications
Galicia offers investors in this sector a large modern telecommunications network and office space at much lower prices than cities like Madrid or Barcelona. Our bi-lingual labor force, the descendents of Galicians who emigrated to other parts of Europe, as well as the ease in finding bilingual Spanish Portuguese speakers, allows companies to attend clients in both languages. All this, together with personnel with IT qualifications, has encouraged several foreign companies to set up in Galicia over the last few years.
