Business development agency secures 8,900 jobs

Apart from 45 new companies relocating to Hamburg, Hamburg Invest also lent its support to 40 expansion projects in the city. Thirty-one foreign companies chose to relocate to Hamburg. In addition to markets in Denmark, Sweden and the Netherlands, Hamburg Invest is increasingly active in Singapore, the United States, Britain, Poland, Turkey as well as Austria and Switzerland. “The Scandinavian countries are among the top 10 in the Global Innovation Index year on year and are seen as pioneers of innovative concepts in digitalisation and mobility,” said Strittmatter. The Fehmarn tunnel will bring northern Europe and Hamburg even closer together. Earlier in 2019, Hamburg Invest established a strategic pillar of German-Swedish economic relations when it helped set up a branch of the Swedish Chamber of Commerce in Hamburg. The chamber’s 110 members include major players such as Vattenfall and Securitas.