Leipzig awarded 3rd place in the ranking of the fDi Magazine’s 10 largest European cities of the future

The eighth edition of the leading ranking “European Cities and Regions of the Future 2022/23” by fDi Magazine, a product of the Financial Times, identified the most promising investment locations throughout Europe. Leipzig was ranked third in the category “FDI Strategy Large European Cities of the Future”. The ranking reflects the economic, financial and business strengths of cities and regions across Europe. No less than 356 cities were evaluated and analysed according to various criteria such as economic potential, lifestyle or cost efficiency. fDi Intelligence offers the world’s most comprehensive range of services related to foreign direct investment.

The award was presented at the leading real estate trade fair MIPIM in Cannes in the south of France, which was held again this year in physical presence after a two-year break due to Corona. Invest Region Leipzig GmbH (IRL), the settlement and acquisition agency for the Leipzig economic region, presented the location with various projects here from 14-18 March 2022. Leipzig received the award after applying the concept and strategy of the “region model”. In terms of content, the award honoured the successful cooperation between the Leipzig metropolitan area and the neighbouring districts of Leipzig and North Saxony. Among other things, the good cooperation between the city of Leipzig and the neighbouring districts of Leipzig and North Saxony as well as the Leipzig Chamber of Commerce and Industry in the form of a joint business development company, the IRL, were taken into account in the assessment for the award. This approach makes it possible to strategically attract investments to the region, from which all partners benefit directly as well as indirectly.

The Berlin Institute for Population and Development predicts that Leipzig’s population will increase by 16 per cent by 2035, surpassing any other city in Germany. Major German and international companies are choosing Leipzig and the region as the location for their new branches. In the last ten years, more than 500 technology companies have settled in Leipzig and the city is now home to 250 start-ups.

While foreign companies’ interest in Leipzig is growing, large German companies are also increasing their presence in the city. Skin care company Beiersdorf AG, maker of the global brand NIVEA, will open a new cosmetics production facility in Leipzig in 2022 and a new distribution centre in 2025. Together with the recent relocations of Amazon Air, BMW, battery systems manufacturer Dräxlmaier and the Porsche EV production plant to be built, this will bring the city of Leipzig €10 billion in investment and the creation of 20,000 new jobs.

For companies planning to establish a branch in Germany, the ranking “European Cities and Regions of the Future 2022/23” provides additional validation for the Leipzig region when evaluating a location for foreign direct investment.

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Dr. Marco Peisker, Site manager, adesso SE

"The city has seen fantastic development over the last few years. We wanted to be closer to our regional partners and customers. It's easier to forge closer relationships with companies when you're there"

Shwet Sabharwal, Branch Manager Leipzig Tech Mahindra

"I strongly recommend the soft-landing approach from Invest Region Leipzig because of it’s numerous advantages for every company planning to set up business in the Leipzig region."

Tobias Drechsel, CEO Thinkport GmbH

"We are glad to have taken this step and gone to Leipzig to be able to further develop Thinkport ... Invest Region Leipzig made it extremely easy for us to get started in Leipzig. Especially the personal support and the prepared information about the location helped us to get an overview. I can really recommend to contact IRL if an expansion to Leipzig is in question."

Ingmar Bergmann, Regional Manager Region East

"A high potential of skilled workers, especially due to the universities and colleges in the Saxon region, was an advantage for us. In addition, there is a good investment climate for medium-sized companies, here through the support of the SAB, which helped us a lot ... The discussions and advice provided by Invest Region Leipzig GmbH have also supported us."

Eileen Walther, Country Manager Germany, NORTHWAVE Intelligent Security Operations

"The city is very centrally located. Since we operate throughout Germany, proximity was a crucial factor. Leipzig is very well connected in terms of infrastructure. It is a liveable, beautiful city and therefore an attraction for talented employees."

Steven Ponndorf, site manager, Xitaso

“The support we received from Invest Region Leipzig GmbH, was extremely helpful because we were not in Leipzig at the time we were seeking a new location and had little knowledge of the region apart from visiting the city. The cooperation with Invest Region Leipzig helped us a lot…”

Daniel Schwemmer, Sales Manager, Flexfab

“The professional appearance of the IRL encouraged us in our decision to choose Leipzig. The service is free, the way of working is very structured, you can tell immediately that this is not the first time IRL has done this. It all makes sense. IRL organised the visits for interesting properties.”