Foreign investment in Flanders holds up despite the international crisis

Flanders Investment & Trade (FIT) announced its 2023 investment figures at the World Economic Forum in Davos, and they are impressive. Despite the international crisis, Flanders can count on an investment amount of EUR 4.92 billion, the third-highest figure ever. “This is a recognition of Flanders’ strength,” says Flemish Minister-President Jan Jambon.

Despite the difficult economic climate in 2023, foreign direct investment in Flanders holds up very well. “We may be slightly below last year’s level, but that was an absolute record year. Flanders clearly remains an attractive investment location for multinationals, partly thanks to our expertise in research and development, our strong logistics and, of course, our excellent strategic location,” says Jambon.

Increasing R&D

Investments are mainly of the type pharmaceuticals, chemicals, cleantech and glass production. Many investments flow into strategic areas mainly linked to production and research and development. For example, R&D activities increased from 18% to 25%, which is an absolute boost to Flanders’ ambitions as an innovative region.

A level playing field is needed

Jan Jambon, who is currently in Davos to establish contact with international entrepreneurs, remains vigilant despite the good figures: “Within Europe today, we too often have to compete against other countries to attract investments. That is why, in the context of the EU presidency, I am once again calling for a level playing field between all EU countries regarding state aid rules.”