global cities investment monitor 2018 · the global cities investment monitor demonstrates that...

GLOBAL CITIES INVESTMENT MONITOR 2018NEW RANKINGS, TRENDS AND CRITERIA

Singapore

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GLOBAL CITIES INVESTMENT MONITOR 2018

THE GLOBAL CITIES INVESTMENT MONITOR, TURNED TOWARDS THE FUTURE

Global cities are attractive and stimulating environ-ments where top decision-makers, talents and finan-cers join to produce business and social innovation.They are a global network of densely connected focal points, each intensely competing with the other to define the best economic and political standards.

Global Cities concentrate a disproportionate part of talents, businesses and capital. They are the places where most decisions are made, innovations launched, and people enabled. Global cities are to the world what cities are to a country. And then there are top global cities, where everyone expects the world of tomorrow to be shaped and where, as a result, world-changing moments actually happen.

The club of top global cities has opened and expanded far beyond the 20th century happy few. While Paris, London and New York have successfully reinvented themselves, and still possess unique brands, competition among global cities is more open than ever before.

The Global Cities Investment Monitor demonstrates that Greater Paris is an attractive business player with a remarkable global image. It is also a unique instrument for the Greater Paris Investment Agency to advocate and support world class investments in infrastructure, architecture, and clusters in Greater Paris, to make it one of the world’s leading business capitals of the twenty-first century.

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PARIS IS NOW POSED TO BECOME THE LEADING DESTINATION IN POST-BREXIT EUROPE

International investments were up 80% in Paris last year. This was by far the highest percentage among global cities and a probable record-breaker. Paris reached the top 3.

The gap with the leader was even more reduced for strategic investments. Paris emerged as the winning global city in post-Brexit Europe, way ahead of competitors.

Can it last? International investors think so. They even think Paris will be one of the two global cities whose attractiveness will increase the most over the next years. Investors now recognize that Paris is a top player under most criteria. The perception of a global business hub is definitely there, besides the top brand for quality of life.

Investors answered the policies implemented to welcome talents, science, environment-friendly initiatives, as well as the pro-business reforms. This is good news for Paris and for Europe, which is once again the leading destination for business project in the world. Long may Paris be that lighthouse for innovation, prosperity and openness.

Christian NIBOURELChairman, Greater Paris Investment Agency




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EDITORIAL

Jay NIRSIMLOO

Chairman, KPMG France

2017 : GLOBAL DYNAMICS 4

2017: THE MOST ATTRACTIVE GLOBAL CITIES 6

2017: INVESTORS’ PERCEPTIONS OF GLOBAL CITIES 12

INVESTOR'S CRITERIA 16

FOCUS ON PARIS 18

METHODOLOGY 24


PARIS

3e




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2017 : GLOBAL DYNAMICSGlobal stability

While 2016 was marked by a strong growth in international greenfield investments, 2017 witnessed a return to a more stable market. With -1% the global trend remains neatly above the last decade yearly average (-3%).

A pivot to… EuropeInternational investments surged in Europe in 2017. The continent’s market share rose an unprecedented 7 points, from 36% to 43%, while the Asia-Pacific region declined from 32% to 27%. It was the third consecutive rise for Europe, in sharp contrast with the previous years, when Asia-Pacific had taken the lead. The market shares of the other regions were comparatively stable. As a result, Europe is way ahead as both the global destination and source of international greenfield investments.

A new balance within Europe itselfEuropean global cities all jumped many ranks as a result of the continental surge, with one major exception: London, which actually registered fewer projects than the previous year. It is likely that Brexit began to take a toll on the City’s attractiveness, and a radical reshaping of Europe’s leadership might be under way. No other European city experienced a boom comparable to Paris. The gap with London shrunk by almost two thirds. The catch-up is even more pronounced regarding strategic investments. Paris emerged as the main destination for intra-European investments.

Paris: in the top 3 globally, taking a lead in EuropeInternational investors interviewed consistently indicated that they viewed the new, enhanced attractiveness of Paris as more than a temporary conjecture. Supporting their analysis is the marked rise of Paris regarding almost all major investment criteria. Paris is particularly distinguished for its infrastructure, human resources, business real estate, higher education, innovation and start-up ecosystem.


4 |

| 5

DESTINATION OF INTERNATIONAL GREENFIELD INVESTMENTS

Percentage of total by world region and year-on-year variation for each region

29%

+2%

¢

+6%

¢

14%

43%

4%

3%

4%

å-2%

¢+5%

å-3%

å-2%

11

å-12%

¢Y/y(%)

NORTHERN AMERICA

AFRICA

MIDDLE EAST

ASIA

SOUTHERN AMERICA

EUROPE

8% PACIFIC




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EUROPE

ASIAPACIFIC

NORTHERN AMERICA

2010 2011 2012 2013 2014 2015 2016 2017

39

36 35 35

3333

36

43

30 30 31

28

3234

32

27

SOUTHERN AMERICA

AFRICAMIDDLE EAST

GLOBAL INTERNATIONAL GREENFIELD INVESTMENTS: YEAR-ON-YEAR CHANGES (%)

2009 2010 2011 2012 2013 2014 2015 2016 2017

-8

-4

9

-11

-9

-1

-10

-8

-6

-4

-2

0

2

4

6

8

10

-120

5

10

15

20

25

30

35

40

GLOBAL DYNAMICS

NUMBER OF INTERNATIONAL GREENFIELD INVESTMENTS IN THE 35 LEADING CITIES WORLDWIDE

2017: THE MOST ATTRACTIVE GLOBAL CITIES

New York156

Toronto114

San Francisco

74

Los Angeles52

Sao Paulo101

Mexico61

In 2017, all continents have at least one global city in the top 15 for international greenfield investments. This “great game” of the 21st century is a very open, multipolar competition unlike any other on the planet.

Two clusters of top destinations for international greenfield investments stand out: Western Europe and Eastern Asia. This map of international greenfield investments by global cities closely reflects the global equilibria indicated page 5. Indeed, global cities attract the lion’s share of international investments. The top 35 global cities alone attract nearly 45% of the world’s total.

There is only a weak average correlation between the cities’ (or the nations’) GDP and the international greenfield investments attracted. Many other factors than wealth influence a city’s attractiveness and business climate. Most are listed under “investors’ criteria” (pp. 16-17). A city attractiveness is therefore fluid and hierarchies changing.

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Johannesburg31

Dubai248

Moscow41

Paris338

Dublin 132

Madrid95

Amsterdam124

Warsaw67

Francfort94

Berlin58

Düsseldorf74

Munich91

Milan49

Barcelona135

London 390

Bangalore137 Ho Chi

Minh City79

Tokyo112

Seoul38

Shanghai173

Beijing79

Hong Kong

161

Singapore354

Rangoon35

Kuala Lumpur40

Pune47

Hyderabad41

Melbourne77

Sydney121


Lo

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ore

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ai

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New

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Ban

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Barc

elo

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blin

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sterd

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Syd

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Toro

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Tokyo

Sao

Pau

lo

Mad

rid

Fra

ncfo

rt

Mu

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h

Beiji

ng

Ho

Ch

i M

inh

Melb

ou

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San

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orf

Wars

aw

Mexic

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Berl

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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35

NUMBER OF INTERNATIONAL GREENFIELD INVESTMENTS IN THE 35 LEADING CITIES WORLDWIDE (variations are expressed in percentage of the total)

London, Singapore, Paris, and, to a lesser extent, Dubai clearly stand out of the competition.

The top 3 or 4 global cities attract a disproportionate share of international greenfield investments. Like global cities capture a superior share of international greenfield investments compared to other cities, the leading trio operates a superior concentration compared to global cities. These cities play the role of focal points of the world’s exchange system.

In 2017 Paris has surged from the 7th to the 3rd rank thanks to a 78% increase year-on-year in incoming international greenfield investments, probably the most important change recorded by the Global Cities Investment Monitor. Other European cities, like Barcelona, Dublin, Amsterdam or Madrid, have experienced a remarkable growth, but not the same exceptional one. The causes of this dynamic are analysed by investors from p.12 onwards.

The winners-take-all tendency observable in general in international greenfield investments is even more marked regarding investments in strategic functions, although in that case Paris, and Singapore are almost on a par with the leader.

Dubai


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T-2E3E78E15T-12T-2T-2E4E39 E47 E31 E5T-18E27 E10 E19 E18 T-32T-4E

5 E12 T

-19E

30 E

46 E

33 T

-53E

13 T

-14E

24 E

52T

-15T

-23T

-33T

-29T

-9T

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2013-2017 : CUMULATED INVESTMENTS IN TOP 10 CITIESInternational greenfield investments in strategic functions : top 15 cities

Lo

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on

Sin

gap

ore

Pa

ris

Du

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Sh

an

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ai

Ban

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Ho

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Ko

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Barc

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Syd

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Am

ste

rdam

Mad

rid

To

ron

to

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Pa

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Du

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Sao

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re2013-2017: CUMULATED INVESTMENTS IN TOP 10 CITIES

2013-2017 Rankings : cumultated IGI over 5 years

230

199

198 198

138

10189

82 80 72 71 71

64 62 60 55

2030 1890

1240 1229

138

1077979

841696 658 648

Strategic investments, the rarest and most coveted type of investments, tend to be even more concentrated in the Top global cities.

Strategic business activities comprise customer contact centers, design, development & testing, education and training, headquarters, research and development, sales, marketing & support, and shared service centers.

London

Dubai

Shangaï

Singapore

Paris

227

338

354

390

452

398

412

435

245

270

354

269

215248

343

378

249

404

257

181 173

Dubai

1=

2=

3S+2

4F-1

5F-1

6=

7=

8S+1

9F-1

10=

2013-2017: VARIATIONS IN TOP 5 CITIES

2013 2014 2015 2016 2017


240 245

190

San Francisco

NORTHERN AMERICA

The global hierarchy differs depending on the region of the origin of international greenfield investments :

• Paris is global leader regarding European investments, followed by Singapore. London is only fifth in that category, which represents 43% of all investments.

• Singapore is global leader regarding Asian investments (27% of the global total), followed by London.

• London comes first for American Investments (14%), followed by Paris and Singapore.

TOP DESTINATIONS BY ORIGIN OF INVESTMENTS


10 |

EUROPE

ASIA

157

188

122

107

72

57

London

Paris

Singapore

Dublin

Toronto

144

132

112

106

Paris

Singapore

Dubai

New York

London

Singapore

London

Ho Chi Minh

Hong Kong

Dubai

Paris

86

68

49

49

45

39

San Francisco

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BANGALORE

ORIGINS OF INTERNATIONAL GREENFIELD INVESTMENTS IN SELECTED CITIES Percentage of total

NORTHERN AMERICA

EUROPE

AFRICA

ASIA PACIFIC

SOUTHERN AMERICA

Percentage of total

ORIGINS OF INTERNATIONAL GREENFIELD INVESTMENTS BY WORLD REGION

Top destinations for international greenfield

investment are all highly diversified in terms of

sources. Only international equilibria may change.

Europe is the first investor in three of the selected

Global Cities out of five: New York, Paris and

Shaghai. Northern America prevails in London and

Bangalore. Asian Investors come third in all five cases.

36%

8%

17%

22%12%

20%

1%

1%

1%

1%2%

9%

3%

1%

2%3%

15%

32%

72%

17%

1%3% 1% 6%

NEW YORK

46%

12%

3%

27%

57%

42%

36%

2%1%

LONDON

41%

33%

27%

57%

SHANGHAI

44%48%

19%13%

2%0%39%30%

1% 0% 2%2%

27%

18%

2%

48%1%

4%

Paris

EUROPE

NORTHERN AMERICA

SOUTHERN AMERICA

MIDDLE EAST

AFRICA

ASIA PACIFIC

LEADING GLOBAL CITIES FOR INTERNATIONAL GREENFIELD INVESTMENTS

15%

15%

2017: INVESTORS’ PERCEPTIONS OF GLOBAL CITIES

1 New York

2 London

3 Paris4 Shanghai

5 Tokyo

5 Francfort

5 Singapore

8 Berlin

9 San Francisco

 Chicago

 Los Angeles

 Sydney

 Toronto

Copenhague

Stockholm

 Hong Kong

Madrid

 Munich

 Dublin

Beijing

 Dubai

50%

38%

28%

13%

10%

10%

10%

9%

6%

5%

5%

4%

4%

4%

4%

4%

4%

4%

4%

3%

3%

3%

Percentage of quotations by city

CITIES’ GLOBAL IMAGE

“ In your view, which 3 cities or major world capitals have the best overall image?”

1910

102 8

535

5

4

Aerial view of Manhattan island, New York, USA


12 |

| 13

✪ enter the top 5

CITIES’ REGIONAL IMAGES

“ In your view, which 3 cities or major world capitals have the best overall image?”

AMERICAN INVESTORS

New York

S Paris (3e en 2017)

F London

✪ San FranciscoFrancfort

✪ Chicago

EUROPEAN INVESTORS

LondonNew York

Paris (3e en 2017)

BerlinShanghai

ASIAN INVESTORS

S New YorkF TokyoS Shanghai

✪ SingaporeF London

S Paris (7e en 2017)

MIDDLE EAST INVESTORS

Dubai LondonNew YorkSingapore

✪ Paris (11e en 2017)


1 New York

2 London

3 Shanghai

4 Paris5 Berlin

6 Hong Kong

6 Francfort

6 Beijing

6 Dublin

 Chicago

 Dubai

 Tokyo

 San Francisco

 Singapore

Madrid

 Mumbai

Hambourg

 Toronto

27%

21%

20%

11%

10%

6%

6%

6%

6%

5%

5%

5%

5%

5%

5%

4%

4%

4%

CITIES’ GLOBAL ATTRACTIVENESS

Percentage of quotations by city

6

1

24

566

63

“ In your view, which 3 major world capitals are currently the most attractive locations for setting up a business in general (whether another business or yours)?”

10

Singapore Harbour


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CITIES’ GLOBAL FUTURE (ANTICIPATED) ATTRACTIVENESS

1  

Shanghai

2 S Paris

3 SNewYork

3  

Mumbai

5 S Francfort

6 SNewDelhi

6 London

“ According to you, which city will the most increase attractiveness in the next 3 years?”


1. POLITICAL STABILITY AND JURIDICAL SECURITY

2. INFRASTRUCTURE

3. AVAILABILITY OF SKILLED HR

4. ECONOMIC GROWTH

Of course, investors want to select the best opportunities, combining the highest returns with the lowest risks. As a result, fundamentals matter when selecting a place to invest. Building the sort of economic and political environment that makes a truly global city is a rare achievement and the global city a rare commodity.Political stability and juridical security are probably the most difficult to achieve, yet they are the first criterion for investors. Availability of skilled RH, market accessibility and size, infrastructure and economic growth come next. Quality in education, innovation and R&D, quality of life or startup ecosystem are a less often quoted, yet this does not mean that they are not often decisive means of differentiation in the competition between global cities.

“ In your view, which of the following investment criteria are

the most important when choosing your location?”

89%

86%

86%

83%


TOP 11 INVESTMENT CRITERIA

INVESTMENT CRITERIA

Panoramic view of Shanghai, China16 |

9. QUALITY OF LIFE

10. QUALITY OF RESEARCH AND INNOVATION

11. STARTUP ECOSYSTEM

5. MARKET ACCESSIBILITY AND SIZE

6. LIVING COSTS, SALARIES AND TAX LEVELS

7. AVAILABILITY AND COST OF REAL ESTATE

8. QUALITY OF EDUCATION

78%

77%

67%

65%

56%

50%

49%

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TOP CITIES’ RANKING BY INVESTMENT CRITERIA

1er 2e 3e 4e 5e 2018 2017

1. POLITICAL STABILITY AND JURIDICAL SECURITY New York Berlin Francfort London Toronto 7e E 8e

2. INFRASTRUCTURE London New York Francfort PARIS San Francisco 4e E 6e

3. AVAILABILITY OF SKILLED HR New York London San Francisco Francfort Shanghai 6e E 8e

4. ECONOMIC GROWTH Shanghai New York London New Delhi Beijing - -

5. MARKET ACCESSIBILITY AND SIZE New York Shanghai London San Francisco Francfort 15e T 14e

6. LIVING COSTS, SALARIES AND TAX LEVELS Dublin New York Shanghai Mumbai London - -

7. AVAILABILITY AND COST OF REAL ESTATE New York Shanghai London PARIS Berlin

8. QUALITY OF EDUCATION London New York Boston San Francisco PARIS 5e E 7e

9. QUALITY OF LIFE New York PARIS London San Francisco Barcelona 2e R 2e

10. QUALITY OF RESEARCH AND INNOVATION San Francisco London New York Francfort Shanghai 6e E 7e

11. STARTUP ECOSYSTEM San Francisco New York London PARIS Shanghai 4e E 6e

TOTAL New York London Shanghai San Francisco PARIS 5e R 5e

A city’s brand matters, even when it comes to analyzing a city’s attractiveness, criterion by criterion. This is why more mature economies, like New York, or Berlin are better ranked on political stability while a more-recently emerged one, like Shanghai gets its better marks on growth, market size and costs. A city’s brand is a strong asset, and changing it a daunting affair for promoters and investors alike.

Among the global cities which have recently experienced a quite dramatic change of status: San Francisco and Paris. Both cities have surged in categories linked to high-tech economy: “skilled human resources”, “quality of education”, “quality of life”, “quality of research and development”, “startup ecosystem”.

“ According to you, regarding every investment criterion, which city is generally the most attractive for business and company location?”

Paris RANKING

INVESTMENT CRITERIA

FOCUS ON PARIS

PARIS: A POSITIVE OUTLOOK FOR A TOP BRAND AND A MAJOR DESTINATION

In 2017, international greenfield investments surged 80% in Paris, now the third most attractive global city in the world, far ahead of the next competitor.

Is this a game changer for Paris or a temporary spike due to abnormal conditions in Europe and elsewhere? Our survey contains a few keys to analyze the underlying trend.

First, the levels of attractiveness perceived by international investors are very close to the actual ranking of Paris: third or fourth globally, either one considers the city’s global image or a more analytical appreciation of the city’s position regarding each investment criterion. Few competitors enjoy such a level of consistency between the investors’ opinions and the measurable reality.

Second, the investors’ predictions tend to distinguish Paris as the second-best among the cities which will see their attractiveness increase over the next three years. If anything, this result reinforces the sense that the underlying trend is indeed a favorable one for Paris. Its new-found position as a member of the top trio could therefore very well be a lasting one.

Supporting this analysis are the investors’ perceptions about Paris specifically: the investors who think that the attractiveness of Paris will improve over the next three years outnumber those who think the opposite three to one, an almost complete inversion compared to four years ago.

The policies of the French government that address the protection of the environment, international affairs and business demands are equally likely to reinforce the investors’ analysis that Paris is much better placed than London and other cities to be the next European leader.


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“ In your view, will Paris over the three next years become more or less attractive as a location for setting up a business in general (whether another

business or yours) or will its attractiveness be stable?”

« Paris is exceptionally well located in Europe.»”

“ There is little room for change in my industry

[the car industry].”

“ Because of language barriers.”

« Because Asian Markets are on the rise.”

“ The labour market is highly resilient and attractive compared to other countries.”

“ Because of Brexit, companies move over from London.”

“ Paris is going to be more expensive due to Brexit.„

“ Because Paris is unique.„

“ Because of Paris’ aggressiveness in high tech.„

“ Because of France’s growth potential. ”

“ Because of insecurity”

“ Because it is a shrinking market”

« Paris is one of the most attractive cities in the world. And this is not going to change.»

« Highly talended people move back to Paris

because of Brexit.»

« The crisis is over. »

« Because of the European migrant crisis.»

“ London is going to recede compared to the other European capitals.”

“ I love Paris as a touristic destination, not as a business center.”

“ Paris is already a highly developed economy.”

“ Because of labour costs.”

32%

28%27%

32%

25%

17%19%

12%

35

30

25

20

15

102015 2016 2017 2018

“ Because of President Macron’s drive

to invest more in infrastructure and in higher education.”

“ Because costs are going down in France.”

“ Confidence is back thanks to political stability, and Paris harbors great human resources and quality of life is exceptional.”

“ Because of the changing political climate, France is

becoming much more investment-friendly.”

“ Because France

is politically stable.”

“ Because of France’s global leadership.”

FOCUS ON PARIS

StableD

MoreS

LessF

FOCUS ON PARIS' ATTRACTIVENESS

“ In your view, did Paris’ attractiveness increase due to…

% yes


NORTHERN AMERICA

EUROPE

ASIA

MIDDLE-EAST

Climate change policy-making 69%

The election of Emmanuel Macron as President of the French Republic 59%

Fight against terrorism 62%

Improving proficiency in English among French people 63%













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BREXIT: THE IMPACT ON PERCEIVED ATTRACTIVENESS

“ The United Kingdom is about to leave the European Union. In the context of « Brexit » is investing in London becoming more attractive? or less attractive? And what about investing in Paris? And what about Europe?” ?

FOCUS ON PARIS

AMERICAN INVESTORS

EUROPEAN INVESTORS

ASIAN INVESTORS

MIDDLE-EAST INVESTORS

F-29

S +9

S+7

F-67

S +6

S+16

F-32

F-4

S+14

F-18

S +1

S+17

PARIS: INTERNATIONAL GREENFIELD INVESTMENTS BY SECTOR (%)

INDUSTRIAL MACHINERY, EQUIPEMENTS & TOOLS

CONSUMERS PRODUCTS HOTELS & TOURISM COMMUNICATION

SOFTWARE & IT SERVICES BUSINESS &IT SERVICES FINANCIAL SERVICES OTHERS

TRANSPORTATION REAL ESTATE ELECTRONIC COMPONENTS


22 |

17 17 19 19 19 18

55

3

44

4

4

2003>2005 2005>2008 2009>2011 2012>2014 2015>2017 TOTAL

31 26 28 31 32 30

1217

21 17 15 17

12 9

106 7 8

98

8

8 57

1 6 2

3

4

6 4

3

34 3

5 3 42

2 22

3 3

31

3

33

3 3

33

WHO’S INVESTING IN GREATER PARIS (BY WORLD REGION) ?

FOCUS ON PARIS

EUROPE

NORTHERN AMERICA

ASIA PACIFIC

PROJECTS

| 23

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

70%

60%

50%

40%

30%

20%

10%

0%

400

350

300

250

200

150

100

50

0

PERCEPTIONS

¢

¢%

0 5 10 15 20 25 30 35 40

REVENUE (in ¤)

■ Less than 500 million■ Between 500 millions and 5 bilion■ More than 5 bilion

37%

40%

24%

POSITION OF THE INTERWIEVEE

FINANCIAL MANAGER

MARKETING / COMMUNICATION / MANAGER

DEVELOPMENT MANAGER

CEO

SALES MANAGER

HUMAN RESOURCES MANAGER

OTHERS

29%

33%

4%

13%

10%

4%

7%

The Monitor is a reliable tool for policymakers and investors, with a rigorous, transparent and stable methodology. It is an exclusive benchmark study by Greater Paris Investment Agency in partnership with KPMG.

This Monitor is designed to perceive and describe the fluid and ever-changing dynamics of our contemporary world, by focusing on the latest decisions rather on accumulated stocks of wealth. It uses homogenous indicators that reflect global movements and pinpoint the latest fluctuations.

As a result its rankings are much more open and evolving that other rankings, which focus on global cities’ accumulated wealth and “power”. In short, our Monitor is turned towards the future.

NORTHERN AMERICA

Canada 20United States 90Total 110

SOUTHERN AMERICA

Brazil 15Total 15

EUROPE

France 35Germany 35Italy 20Netherlands 10Spain 10Sweden 10Switzerland 20UK 50Ireland 10 Russia 20Total 220

ASIAChina 25Hong Kong 20India 20Japan 40South Korea 10Total 115

MIDDLE EAST

Kuwait 10Qatar 10Saudi Arabia 10UAE 20Total 50

METHODOLOGY


24 |

A poll conducted with a representative sample of

516 companies with international business settlements• 22 countries• 3 criteria:- Location of headquarters

- Industry

- Turnover

• Phone interviews with global business leaders(CEO, managing director, administrative and financial manager, sales manager, head of international investment)

12 February to 2 April 2018

¢

¢%

0 5 10 15 20 25 30 35 40

■ Service■ IT ■ Heavy industry■ Consumer goods

30% 40%

11% 19%

BUSINESS ACTIVITY

| 25

35 GLOBAL CITIESTop destinations in term of international Greenfield investments

Sao Paulo

Database“fDi markets” Financial Times, since January 2003

• 188 000 international investment projects

• 86 000 businesses all over the world

• 15,929 information sources: newspapers, magazines, associations, websites…

San Francisco

Los Angeles New York

Mexico

Toronto

Dubai

Abu Dhabi

DublinAmsterdam

Munich

BerlinLondon

Paris Francfort

New Dehli

Rangoon

Hyderabad

Pune

Bangalore

Shanghai

Tokyo

Sydney

Seoul

Beijing

Hong Kong

Istanbul

Moscow

BarcelonaMadrid

Ho Minh City

Singapour

Kuala Lumpur

Melbourne

Johannesburg

METHODOLOGY

International Greenfield InvestmentThe Monitor measures the number of published international "greenfield" investments collected in the fDi Markets database. International greenfield investments occur when a company launches new activities in a global city. They built up its economic potential and create jobs. Purely financial investments, like real estate transactions, privatisations or alliances are not included. Join ventures are included only when they result in job creation.

The Monitor uses the simplest possible unit: a published investment project, by contrast with expected job creations or capex, so as to maximize comparability and minimize interferences from local factors – currency fluctuations, governmental promotion, etc.)

The Top global cities for international greenfield investments list has been regularly updated to take account of the significant rebalances in the global economy.




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GPIA MEMBERSHIP : A GLOBAL REACH FOR A GLOBAL CITY ACCENTURE, ACCORHOTELS, PARIS AEROPORT, AIR FRANCE, ALTAREA COGEDIM, BNP PARIBAS, BOUYGUES IMMOBILIER, CAISSE DES DEPOTS, CEA, CHAMBRE DE COMMERCE ET D’INDUSTRIE DE PARIS ILE-DE-FRANCE, CHAMBRE DES NOTAIRES DE PARIS, CISCO, COLONYNORTHSTAR, COMEXPOSIUM, COMITE REGIONAL DU TOURISME, CONDUENT, CREDIT AGRICOLE CIB (CALYON), EDF, ENEDIS, ENGIE, EPA PLAINE DE FRANCE, EPADESA, EPT GRAND ORLY VAL DE BIEVRE SEINE-AMONT, EUROPACITY, EY, FEDERATION REGIONALE DES TRAVAUX PUBLICS ÎLE-DE-FRANCE, FRANCE AMERIQUES, GALERIES LAFAYETTE, GECINA, GENERALE CONTINENTALE INVESTISSEMENTS, GIDE LOYRETTE NOUEL, GROUPE G7, HERMITAGE LIFESTYLE, ICADE, INVIVO, JONES DAY, KEOLIS, KPMG, LA FRANCAISE, LA POSTE, MARNE-LA-VALLEE EPAMARNE/EPAFRANCE, MEDEF ÎLE-DE-FRANCE, METROPOLE DU GRAND PARIS, ORANGE, HAROPA, PRESENCE, PWC, RATP, SANEF, SAP, SNCF, SOCIETE DU GRAND PARIS, TRANSDEV UNIBAILRODAMCO, VINCI SA, WILMOTTE & ASSOCIES…

KPMG FRANCEKPMG France is a leading audit and advisory firm, member of KPMG International, a global network of professional firms with a presence in 154 countries across the world. KPMG France employs 9,000 professionals and serve major international and French companies, SMEs or family groups, and start-ups, in all industry areas.

GREATER PARIS INVESTMENT AGENCYGreater Paris Investment Agency is a non-profit organization founded 25 years ago by the Paris Chamber of Commerce and Industry to attract new international investors in Greater Paris and to bolster its attractiveness.It is comprised of major companies; they guarantee total independence and provide support in fulfilling the Association’s main missions.As Greater Paris business ambassador, our Agency is a key partner and advisor linking government decision-makers and our prestigious business partners’ network. It is a major player in the Greater Paris project.




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EDITORIAL BOARD

Nicolas Beaudouin Partner, Head of Development for Paris,[email protected]

Alexandre Missoffe Managing Director, Greater Paris Investment Agency [email protected]

Christophe Scheidhauer Benchmarking&Studies Leader, Greater Paris Investment Agency [email protected]

Jeanne-Marie Monpeurt Graphic design

Pictures : ©i-stock




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Beijing Central Business District

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global cities investment monitor 2018 · the global cities investment monitor demonstrates that...

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