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FDISTRATEGYAWARDS 2020


“THE CITY OF REYKJAVIK IS VERY HONOURED TO BE AWARDED FOR ITS FDI STRATEGY AMONG A STRONG GROUP OF


largest metropolitan areas in Canada and the US. Montréal is the world’s fifth largest


SMALL EUROPEAN CITIES” Dagur Bergþóruson Eggertsson, mayor, Reykjavík


gaming production hub and is home to more than 140 game studios. Gaming companies have reported soaring sales throughout 2020, as long periods of lockdowns saw the public turn to video games for distraction, entertainment and social connection. Many of the changes in the entertain-


ments industry persist for some time, so Montréal’s economic future certainly looks promising.


fDi’sCHOICE For the fDi Choice section, three inter- nal judges have reviewed the winning entries from the European Cities of the Future, Tier 2 Cities of the Future and Tech Cities of the Future competitions. The judges have selected locations which stood out due to their success within a certain sector or their excellence within specific FDI specialisms.


SPECIALISMAWARDS


Agribusiness Ireland South EastDevelopmentOffice The region’s farming tradition, in addi- tion to its ease of access to the European market and strong levels of agritech research, makes it an ideal location for FDI in the agribusiness sector. Ireland South East has been the 6th fastest growing region in Europe over the past five years. The region benefits from a large indigenous company base, in addi- tion to research centres and leading training providers. This provides com- petitive advantages in both the agrifood and agritech industries, with compa-


46


nies such as Coca Cola and Danone pre- sent in the region.


Artificialintelligence Montréal International Greater Montréal has the highest con- centration of tech sector jobs in any Canadian city, and positions itself as a key technology hub. Montréal is also a world leader in AI, with more than 500 researchers and graduates at Mila, a deep learning and reinforcement learn- ing academic research lab. Since 2016, the city has received more than $2bn of investment from the public and private sectors. Montréal has an impressive list of companies that have settled there, such as Google, IBM, Facebook and Microsoft.


Bioenergy/renewables ScottishDevelopment International Scotland has demonstrated a remarka- ble commitment to environmental sus- tainability, with 70% of its electricity consumption coming from renewables in 2017. This is especially impressive con- sidering the region is Europe’s leading offshore oil and gas location, with the EU’s largest estimated oil reserves. The Beatrice Offshore Wind Farm,


located on the north-east coast of Scotland, is the fourth largest offshore wind farm globally, and is one of the largest ever private investments in Scottish infrastructure at £2.6bn. The construction of the world’s largest tidal energy plants, MeyGen, is also under- way in Scotland. It is clear that Scotland is truly leading the world with bold investments in renewable energy and a strong commitment to environmental sustainability.


www.fDiIntelligence.com December 2020/January 2021


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