The volume of international business projects was worth €23.2 billion—the third-highest ever recorded for the country and well above pre-pandemic levels, according to the 2024 Foreign Direct Investment (FDI) Report.
The volume of investment reflected the large number of big-ticket projects launched by some of the world’s largest multinationals, a GTAI release said.
The United States led the countries with 229 projects, followed by Switzerland and China, while the European Union (EU) was the leading source region.
One in five of the international companies use Germany as a production or research and development location.
Chinese companies initiated 199 FDI projects in Germany last year, nearly matching the 200 projects recorded in 2023. The 2023 figure marked a 42-per cent YoY increase and the highest level since 2017.
Chinese companies launched 31 projects in the renewable energy sector in the country in 2024. Roughly one-quarter of all Chinese FDI projects in Germany involved either production facilities or research and development operations.
ALCHEMPro News Desk (DS)
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