FDI Report


BALEARIC ISLANDS AND BARCELONA


24-hour Business People


By: Henry Martin


Mediterranean and a thriving business hub. This island of Ibiza is peppered with multi-million dollar mansions and villas owned by royalty and celebrities, and it is the centre of the world's clubbing scene for four months of the year. More than just an idyllic holiday spot where the party is very much on, however, the Balearic Is- lands are also an ideal location to access both European markets and the rest of the world’s growing markets. In 2012, foreign investment brought more


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than €400 million into the Balearic Islands, with most of those funds coming from countries around Europe. The islands are home to the af- filiates of numerous foreign corporations, par- ticularly those associated with the transport and tourism sectors. In 2012, the Balearic Islands were home to 85,372 companies, 77% of which formed part of the services sector. The Balearic archipelago has the densest business fabric in Spain, with the bulk of companies being indi- vidual entrepreneurs. The islands occupy a strategic position in


Spain’s most dynamic business area. With nearly 22.7 million passengers in 2011, Palma de Mallorca’s Son Sant Joan Airport is one of Europe’s leading airports. The islands are home to some of the most important freight and pas- senger ports in the Mediterranean and southern Europe.


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Renowned for 24-hour party people and iconic sunsets, the Balearic Islands are the top tourist destination in the western


The Balearic Islands are perfectly located for getting at European markets as well as wider worldwide markets.


01. Cathedral of Palma de Majorca. New European Economy


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