INTERES Invest in Spain
Make your next move interesting
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
Aries Complex
Aircraft
Company specialized in the manufacture of aeronautical products.
Foreign companies established in Castile and Leon
C/ Recondo s/n – Estación Campo Grande 47007 Valladolid
Tel.: +34 983 214 792
Fax: +34 983 309 968
www.invertirencastil... inversiones@adeuropa.org
Regions
Castile and Leon
- Capital:
- Valladolid
- Total population:
- 2,492,034
- Foreign population:
- 119,781
- GDP:
- 52.44 mill. €
- GDP growth:
- 3.5 %
- Exports:
- 9,090.2 mill. €
- Imports:
- 9,003.5 mill. €
- Foreign investment:
- 35.7 mill. €
- Source: INE and Ministry of Industry, Tourism and Trade
Castile and Leon
Reasons to invest
- Exceptional location
- Highly developed and constantly improving network of infrastructures
- Dynamic and open economy
- Complete industrial and services culture
- Competitive labor costs
- Availability of industrial land
- Strong commitment to innovation and technology
- Wide-ranging government support
- Unbeatable environment
Economic Structure
Sectors of interest
Automotive
Castilla y León is one of the most important regions in Europe in the automotive sector. There are four factories manufacturing automobiles: RENAULT (Valladolid and Palencia), GRUPO FIAT-IVECO (Valladolid) and NISSAN (Ávila). The region has some of the most productive automobile factories nationally and across Europe; 20% of the vehicles manufactured in Spain. There are nearly 150 auxiliary companies and around 30,000 direct jobs in the sector. This is therefore a key sector for the region’s industry.
The sector features a high level of technological development and innovation in production processes. The companies in the sectors are highly automated, and equipped with state-of-the-art technology and sophisticated quality control systems. They are also renowned for their internal R&D activities. The sector has its own Automotive Research and Development Center (CIDAUT), which is patronized by the main companies, several regional organizations and universities.
Agri-food
The food and agriculture sector holds one of best positions nationally and is highly specialized. It has registered rapid growth over the last few years and is a major and specific player in the national economy. It is one of the key sectors of the region, not only in terms of employment and added value, but also due to the enormous potential for development in the future.
Castilla y León destines more of its production to domestic consumption than nearly every other Spanish region. This is especially true for the meat, dairy product and sugar industries.
