Investment Attraction Model Showcased by Friuli Venezia Giulia: A Regional Example of Investment Appeal
Shining Spotlight: Friuli Venezia Giulia's Business Bonanza
Sure, let's talk about Friuli Venezia Giulia—the unstoppable Italian region that's luring investors like a siren's song! What's more, this dynamic territory is racking up the accolades, solidifying its status as a prime investment destination in the Italian economy. So, without further ado, let's dive into the heart of the action!
Foreign Investments on the Rise
It's no secret that Friuli Venezia Giulia has been on fire with foreign investments. In the last five years, the region's foreign direct investments have soared from a modest 2.6% to an impressive 6.5% of the national total (Ice data). And it's not just the numbers—multinationals such as Performance Medical Technologies (USA), Mitsubishi (Japan), and Innoway (Italy-Austria) have staked their claims. To add fuel to the fire, the number of foreign branches has grown by 40% over the past three years.
Rising Exports and Booming Markets
With a 3.7% year-on-year increase in the first half of 2024, regional exports are on a roll. Leading the charge is the transport equipment sector, which is heavily influenced by high-value ship deliveries. Exports to the United States have more than tripled, with a 119.3% increase between the first halves of 2023 and 2024. All told, Friuli Venezia Giulia's exports clocked in at a striking 19 billion euros in 2024, thanks, in part, to the shipbuilding industry.
Connecting the Dots
Friuli Venezia Giulia plays a pivotal role in linking the Mediterranean Sea and Central and Eastern Europe, thanks to its enviable location. With strategic assets like three ports, an international airport, and numerous intermodal terminals, this region serves as a gateway to international markets. The Port of Trieste, the only international free port in Europe, ranks as the largest in Italy for cargo handling, total tonnage, and rail traffic. The Ports of Monfalcone and Porto Nogaro complement Trieste, forming the second-largest regional port system in Italy with over 61 million tons of cargo.
A Helping Hand for Businesses
Friuli Venezia Giulia has rolled out the red carpet for businesses with an enticing selection of tax incentives and financing plans. For instance, the production activities tax (Irap) zeroes out for the first three years (1% for the following two), and companies eyeing productive investments can expect tax breaks. Moreover, Friulia, the regional financial institution, invests in businesses and finances projects for the development of their business within the region. And if you're looking to plant your flag in Friuli Venezia Giulia, the Select Friuli Venezia Giulia Agency is there to provide guidance for business establishment and growth in the region.
Innovation at the Forefront
From Industry 4.0 to healthcare, Friuli Venezia Giulia has carved a niche for itself in numerous strategic sectors. Examples include the Life Science Cluster, which counts around 170 specialized companies, and the Comet Metalworking Cluster, which represents 46% of the regional manufacturing sector. And let's not forget about digital technologies, which have experienced an 8.8% increase in new specialized companies in the information and communication technologies sector in the last decade.
So there you have it—Friuli Venezia Giulia, the Italian region that's pulling out all the stops to entice businesses and investors. With its strategic location, economic growth, and innovation-focused ecosystem, this region is truly a beacon for the future!
- The region's thriving business landscape also extends to international sports, with Friuli Venezia Giulia hosting numerous sporting events that attract both local and global participants.
- Additionally, the sports sector in Friuli Venezia Giulia is growing, with multinational sports brands expressing a keen interest in investing due to the region's strategic sports infrastructure and its potential to tap into the growing global sports market.
