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Castilla-La Mancha receives 53 million euros of foreign investment in the first quarter of the year, 81% more than in 2022

By 22 June, 2023 July 7th, 2023 No Comments

Aerial view of Ciudad Real airport, site of the new MRO center of the French company Sabena Technics

Toledo, June 20th 2023.

Despite the complex international financial context, with a significant increase in interest rates in response to the high inflation that is hitting most OECD countries, and which therefore hinders the financing of new investment projects, our region continues to maintain a very positive trend in terms of investment received.

In fact, according to data published by the Investment Register, 2022 closed as the best year in the historical series for Castilla-La Mancha, with a total of 567 million euros of gross investment received throughout the year, 244% higher than the average of the last decade.

The first quarter of 2023 also shows promising figures, with 53.2 million euros of registered investment, in line with the quarterly averages of the last five years, a figure that places the Castile-La Mancha region in eighth position among Spanish regions.

By type of operation, reinvestments absorbed almost all of the figures for Castilla-La Mancha (96%) during the quarter, while acquisitions accounted for just over 3%. In the first months of the year, investments in Castilla-La Mancha by Italy (30.6 million) and France (20.7 million), within the sector ‘Electricity supply’, stand out.

As for the evolution of employment linked to foreign investment in the region, this has been very notable, practically doubling jobs since 2015, reaching 61,098 at the close of 2021. These jobs are generated by the 267 foreign-owned companies based in the region.

For its part, The Financial Times fDi Markets database, which collects cross-border projects of new productive investment announced according to their intended destination, shows that 2022 has marked maximums in Castilla-La Mancha in number of projects announced in the region (30), in investment ($3,378 million) and announced employment. These figures are 45%, 226% and 71% higher than the previous year’s figures, respectively.