The Federal State of Saxony-Anhalt in Germany is growing into a European manufacturing and services powerhouse.
The main industry sectors include:
- Chemical and Plastics
- Glass Industries
- Renewable Energy
- Corporate Services
- The Creative Sector
- Life Sciences
- Mechanical and Plant Engineering
- Paper, Packaging and Wood
Located in what was East Germany the State has battled rigorously to replace state-owned enterprises with modern and competitive businesses. The Chambers of Industry and Commerce in Magdeburg and Halle-Dessau alone had 107,443 member companies in 2013.
Over 99 percent of companies are small or medium-sized enterprises and they represent the largest employment Group in the region. On the back of this the Ministry of Science and Economic Affairs started their SME offensive “I³”: looking for growth through innovation, investment and internationalisation.
The City of Magdeburg
The university landscape is developing into an incubator for clever specialists and strong innovation; research and development is dynamic and the chances of getting a traineeship are extremely positive.
An efficient transport route network is the equal of other European regions with several thousand kilometres of rails, motorways, federal and state roads that were newly developed after 1990.
And in terms of the development and utilisation of renewable energies, Saxony-Anhalt is amongst the best regions in Germany.
To find out more get to know the team at Invest in Saxony - www.invest-in-saxony-anhalt.com
Foreign Direct Investment 5