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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.
Foreign companies established in Cantabria
C/ Hernán Cortés 39 39004 Santander
Tel.: +34 942290003
Fax: +34 942217011
www.sodercan.cominvestincantabria@sodercan.com
Regions
Cantabria
- Capital:
- Santander
- Total population:
- 567,088
- Foreign population:
- 26,795
- GDP:
- 12.3 mill. €
- GDP growth:
- 4.1 %
- Exports:
- 1,966.7 mill. €
- Imports:
- 2,276.5 mill. €
- Foreign investment:
- 4.4 mill. €
- Source: INE and Ministry of Industry, Tourism and Trade
Cantabria
Reasons to invest
- Qualified and Motivated Human Capital
- Universities Working with Companies
- Competitive Labor Costs
- Positive Labor Relations
- Committed to R&D and Investigation
- Advanced Transport Links by Sea, Land and Air
- The Port of Santander: on the Highway of the High Seas
- The Airport: Flying High
- Power: Gas, Electricity and Water.
- Available and Developed Space for Industry
- Quality of Life
- Cantabria’s Bridge to Latin America
Economic Structure
Sectors of interest
Agri-Food Business
Cantabria’s agri-food sector has a structure similar to that of the rest of Spain. It is noteworthy for two sectors:
- Fish preserves: the largest semi-preserves sector in Spain.
- Dairy products: among the most important bovine livestock production in Spain and large processing plants in the region.
In addition, other branches of agri-food production have a significant presence, including other fish products, cocoa and coffee, and packaged bakery products.
The industrial food and beverage sector represents 15.4% of Cantabria’s total industrial volume.
Renewable Energies Sector
Bio-fuels also play an important role in the autonomous community’s energy policy, with several projects which will lead national production of biodiesel and bioethanol.
Cantabria’s coastal regions have also enabled it to innovate in the area of tidal and wave power. Various experiments led by the University of Cantabria have created prototypes which seek to revolutionize the renewable energy sector. The Institute of Environmental Hydraulics (IH Cantabria) has over 60 researchers and specialists in this field. They form the Oceanographic and Coastal Engineering Group, as well as the Underwater Outlet and Environmental Hydraulics Group, giving the area the best in development capabilities.
In addition, the Cantabrian coast will have one of the world’s first wave energy farms, rated at 1.25 MW.
