According to data from the Foreign Investment Registry (RIE), corresponding to the first three quarters of 2022, foreign investment operations point to 14,534 million investment in Madrid (5,656 million in the first quarter, 5,606 in the second, and 3,272 in the third). 64.7% of the total in Spain. The data for this period of 2022 reflect 48% of the investment in expansion operations (reinvestments of already established foreign companies), 31% in acquisitions and 21% in new investments (greenfield/brownfield). These numbers are 28% higher than the average for the same period in the last decade (2012-2021).
In addition, according to data from fDi Markets, the rate of investment in the first nine months of 2022 has continued to grow, it has been announced 151 new projectswith an associated investment of 4,264 million dollars, a figure already higher than that of all of 2021, and the generation of 14,142 jobs.
Origin of investment in Madrid
In the first three quarters of 2022, looking at the last country (the one in which the chain of ownership is exhausted), investments from the United States stand out (4,935 million) with significant investments in machinery manufacturing, telecommunications and tile manufacturing, United Kingdom (3,329 million, with strong investments in LaLiga) and Australia (1,236 million, with investments in the mining sector and expansion of IFM operations in the energy sector). Four other countries such as Germany, France, Canada and Austria have already exceeded the level of 500 million in the period.
The capital has also led the recovery of employment levels linked to foreign investment in Spain, although the pandemic has slowed the progression of recent years. Despite this, Madrid concentrates 30.2% of employment in foreign companies nationwide.
There are already more than 12,800 foreign capital companies in the Community of Madrid, 77% of them based in the capital Madrid.
As stated Miguel Angel Redondo, Delegate of Economy of the Madrid City Council “From Madrid Investment Attraction (MIA) we have worked throughout this year to continue positioning Madrid as the best option for foreign investment. In addition, we have opened new offices in London and Mexico City to continue attracting investment and talent from these strategic locations.”
The mission of Madrid Investment Attraction is to facilitate the arrival and accompany all companies that decide to settle, ensuring their growth and integration into the local ecosystem and thus trying to maximize their contribution to the local economy and society.
