WHY INVEST IN MILAN
INVEST IN LOMBARDY
VALUING THE EXCELLENCE Listed within the top 10 cities for investment project in Western Europe in the period 2003 - 2014 and mentioned as one of the preferred destination for investing in the real estate sector*, Milan is an excellent business environment and a dynamic city.
A city that attracts business value: the Milan Metropolitan area accounts for nearly one third of all foreign-invested firms in Italy, more than 30% of their employees and 34% of their turnover. A strong specialization in the service sector: the Universal Exposition Expo Milano 2015 has confirmed the role of the city as a capital of business and finance, and a magnet in attracting flows of tourism from the world.
Milan
A hub for talent: with its 8 universities and 2 international schools, Milan area stands out for the quality of its human capital and education system at all levels. An international city: Milan hosts over 100 consulates and foreign commercial offices and is in a central position in northern Italy. The city has three international airports and primary transport infrastructures. *Source: ICE-Agenzia on FDI Intelligence, Financial Times Ltd
p. 1
Milan area can be considered the cornerstone of the national economy, with more than 40% of the total firms of Lombardy based in the city and its province.
WHY INVEST IN MILAN Sectoral Expertise
Technology
In the Milan area it is possible to find a high
Milan area hosts seven advanced research
percentage of companies specialized in offering
centres,
highly
services,
Biotechnology, that are specialised in various
particularly in five key sectors: ICT & Media, Life
sectors and acknowledged as an excellence
Science & Biotechnology, Creative Industry,
within the European research landscape.
Financial & Consultancy Services, Retail &
More than 340 organizations in the area of
Commerce.
Milan are part of at least one technological
unique
products
and
among
Life
Sciences
and
cluster.
Human Capital
Location Cost
Milan stands out for the quality of its human
Milan is the capital of the real estate in Italy
capital and education system. Milan is home to
especially regarding investments and recent
eight universities, with more than 10% of the
developments in the existing buildings. In the
Italian
Milan area, cost for office rent varies from from
university
renowned
population.
academic
Globally
institutions
and
50 €/sqm up to to 150 €/sqm.
distinguished fashion & design institutes are based here.
p. 2
Sectors’ portfolio composition
SECTORAL EXPERTISE
MAIN FACTS & FIGURES Companies by sector
Milan area is the main financial, commercial and industrial center in Italy, continuously attracting investments and new business.
Milan is a dynamic and creative environment for new venture development. It is known nationally as the Italian economic capital city, and is very attractive even compared to many other European financial areas.
Sector
The value chain in this area is made of both traditional manufacturing companies as well as advanced service ventures.
Companies
Milan area
Lombardy
Italy
292,708
815,830
5,154,119
Milan
(%)
144,020
49%
Trading
73,356
25%
Construction
40,129
14%
Manufacturing
29,698
10%
Agriculture
3,562
1%
Utilities
1,548
1%
292,708
100%
Services
Total
Milan area counts for 35.8% of total active companies in Lombardy, and its GDP is 10% of total Italian GDP. Source: Promos, Uff. Studi Camera di Commercio Milano, based on data “Infocamere”. Data updated on third Trimester, 2015
p. 3
Services count for 49% of total active companies in Milan area
Active workforce operating by sector
SECTORAL EXPERTISE
MAIN FACTS & FIGURES
Service sector employs 54% of total active workforce in Milan area.
Employment and added value
Milan
(%)
Services
989,312
54%
Manufacturing
335,538
18%
98,400
5%
10,542
