Gothenburg is Sweden’s second largest city with a population of around 533.000 people (the Gothenburg region has a total population of 1.1 million people). The City has a privileged strategic location between two important Scandinavian capitals, namely Oslo and Copenhagen. Right at the epicenter of Scandinavia and the Baltic States, it represents the gateway to a business region of approx. 190 million people. 70% of Scandinavia’s total industrial capacity is located within a 500-km radius of the Gothenburg region and 30% of Swedish foreign trade passes through the Port of Gothenburg.
The Gothenburg region’s economy is in the top category in the world for growth and sustainability. Business growth here is the highest in Sweden, additionally the Gothenburg region came fifth in a comparison of 119 regions in Europe for future potential. Gothenburg is currently home to around 750 different business sectors; the corresponding number for London is around 1.000 sectors. These include the automotive industry, information and communication technology, logistics, medical technology, environmental technology and the maritime industries. Many international cutting-edge companies are located here: Volvo Cars, Volvo Trucks, SKF, Volvo IT, Ericsson. Mölnlycke Health Care and Astra Zeneca.
A fast-growing region - In the 21st century, more than 100.000 new jobs have been created in the Gothenburg region – and now the rate of development and investment is rapidly growing. Various development projects are currently underway in the City, for example approximately 5.000.000 square meters are to be developed and the central area of the Gothenburg will double in size, with 25.000 new apartments and 45.000 new workplaces in the near future. Investment in the region is estimated to rise up to 1.000 billion SEK.
BUSINESS IN GOTHENBURG
With sustainability in focus The Gothenburg region has long invested in sustainability, becoming a smart city and going green. Cooperation between municipalities, companies and academia is encouraged to find environmentally sound solutions for a greener city. The purpose of the ElectriCity project is to produce sustainable and environmentally sound transport solutions. Green Gothenburg is all about making Gothenburg cleaner and greener. For example, a high percentage (30%) of waste in the region is incinerated and reused in the city’s heating system. The city that is becoming smarter.
The Gothenburg region has a reputation for inspiring and creating a creative environment with a solid emphasis on research and development. This is apparent in the huge figure of international companies, as well as colleges, universities, Science Parks and seed companies – which has resulted in Gothenburg being ranked 12th among the world’s most innovative cities according to Forbes business magazine’s survey on patents per capita.
As a strategically located hub, Scandinavia’s largest port has 400 years of experience in trading and shipping. Every week the port currently handles more than 100 ships, a third of Sweden’s entire foreign trade and 60% of Sweden’s container traffic. Around 25 rail shuttles enter and leave the port and have daily connections with companies in the whole of Sweden and Norway – an eco-smart direct connection with the rest of the world.
When you see the forecasts, there is no doubt that the cityscape of Gothenburg will change. While new buildings will reach new heights, the labor market is expected to grow from today’s 1.16 million inhabitants to 1.75 million inhabitants in 2030.