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Region north of Amsterdam attracts Foreign Companies

The NFIA and Invest in Holland network have presented their figures for 2018. In 2018 alone, 372 foreign companies generated 2.85 billion euros worth of investments in the Dutch economy. In 2017 this figure was just 1.67 billion. Thanks to the arrival of Microsoft and Google and the presence of the European School, the Region north of Amsterdam is attracting a great deal of interest among foreign investors and employees.

These investments also play a key role in the Region north of Amsterdam. For instance, in 2018 the American companies Google and CyrusOne announced the development of a total of 100 hectares of data centres in this region. In early 2019, Google began the construction of the first phase of their data centre at Agriport.

Drivers of Investment

Thijs Pennink, director of Development Agency NHN has the following to say: “The substantial investments of companies including Microsoft, Google and CyrusOne generate considerable economic growth and employment. However, it is not just data centres that have been responsible for this impressive growth. The past year has also seen substantial investments in R&D facilities by Seed Valley companies such as Monsanto, Syngenta and Hazera. Moreover, the arrival of the EMA (European Medicines Agency) offers opportunities for both the Energy & Health Campus in Petten and European School in Bergen. Which is why the Noord-Holland Noord Development Company is part of the national acquisition team for Life Science and Health and the EMA spin-off."

On a national level, it is mainly companies from the United States that have created the most 'foreign jobs' in the Netherlands. The US is followed by the United Kingdom, China, Japan and Germany.

Ministry of Economic Affairs & Climate Policy

In addition to attracting new foreign investments, the Development Agency NHN also maintains close contact with some 75 foreign companies in the region on behalf of the Ministry of Economic Affairs & Climate Policy (EACP).

Minister Wiebes of the EACP: “These results once again confirm the importance of foreign companies for our globally operating country. For instance, in the Netherlands, one million people are employed by foreign organisations. Not to mention how half a million people work for these companies indirectly as suppliers, especially for SMEs. Given the increasing international uncertainty surrounding Brexit and changes in global trade policy, foreign investors — and an excellent Dutch business climate — remain of the utmost importance for all Dutch citizens.

Brexit

In 2018, the number of companies attracted to the Netherlands by the Invest in Holland collective rose from 18 to 42 compared to 2017. In addition, the NFIA (Netherlands Foreign Investment Agency) currently has contact with over 250 foreign companies that are considering a potential switch to the Netherlands as a result of Brexit.

Invest in Holland Network

NHN is a partner of the Netherlands Foreign Investment Agency (NFIA) and Invest in Holland network. This network intensively cooperates to attract foreign companies to the Netherlands or to keep them here. Annually, NHN supervises approx. 75 (foreign) companies in investment projects in the region north of Amsterdam. Moreover, NHN continues to maintain contact with foreign companies in the region in order to act quickly in the event of expansion plans.

In 2016, the Netherlands had 13,400 foreign companies. These companies accounted for 18% of the total added value of our economy. In 2019, 36 percent of the turnover and almost a quarter of the investments come from foreign-owned companies; approx. 12 percent of the turnover in the Dutch business community (165 billion euros) originates from companies with an American owner. Turnover and employment of these companies are growing significantly faster than companies in Dutch hands (Statistics Netherlands, 2016).