IDEPA’s XXVIII Business Forum reinforces the position of the region as an ideal destination for investment
Asturias is an attractive place to invest. The region presents ideal conditions to host industrial investment projects aligned with the ecological transition and others based on the talent and knowledge generated by innovative and technology-based companies.
This is the main conclusion drawn from the XXVIII edition of the Asturias Business Forum, organised by the Economic Development Agency of the Principality of Asturias (IDEPA) and held last Thursday 12th. December at the Hotel de la Reconquista, Oviedo.
A large delegation from Asturias was present this week in Copenhagen (Denmark) at ‘WindEurope Offshore 2019’, the most important international conference of the offshore wind industry and in which our region demonstrated that it has a very important role to play in the future of this sector.
Invest in Asturias was part of the Asturian institutional delegation at the conference, organised by the Sociedad de Promoción Exterior Principado de Asturias S.A. (ASTUREX) and integrated by the Ports of Gijón and Avilés, the technological centre IDONIAL and a representation of Asturian companies that already work for the offshore wind sector.
The Swiss multinational will build a state-of-the-art warehouse in the Asturiana de Zinc industrial site in San Juan de Nieva
The investment ensures a bright future for one of the most outstanding success stories of companies with foreign capital established in Asturias
The Swiss multinational Glencore will invest 100M euros in the modernization of the industrial site that its subsidiary Asturiana de Zinc, S.A. (AZSA) has in San Juan de Nieva (Castrillón, Asturias), which employs almost 800 workers.
Specifically, Glencore foresees the construction of a new electrolysis plant that will replace two of the current ones. Electrolysis is one of the final processes in the production of electrolytic zinc.
This year´s edition will be focused on the attraction of investments to favour the economic development of Asturias
The President of the Principality of Asturias, Adrián Barbón, will attend on December, 12th., the XXVIII Asturian Business Forum. This annual meeting of business representatives, regional and national Administration, economic promotion bodies and entities, technology and research centres, universities and those people interested in the economic development of Asturias will be held at the Hotel de la Reconquista (Oviedo).
In this year’s edition, we will tackle the attraction of investments as one of the necessary strategies to favour the economic development and productive diversification of Asturias.
An Asturian
delegation will show in ‘WindEurope Offshore Copenhagen 2019’ the capabilities
of the region in the field of energy at sea
Asturias will have
a very prominent presence in ‘WindEurope Offshore 2019’, the cutting-edge
international conference for the offshore wind industry and where our region
will be shown as an integral partner for investments in the offshore wind
sector.
The region achieved the highest score on the ‘EIP on AHA’s Reference Site’ accreditation for its good practice programmes with the elders
The European Commission has awarded Asturias the highest score in the ‘Reference Site’ accreditation, linked to the promotion of active and healthy ageing. This measure ratifies our region as a model in policies and programmes of good practice with the elderly.
The alliance between ArcelorMittal and Frankstahl innovates from Asturias in the field of additive manufacturing
TheSteelPrinters, the alliance between ArcelorMittal and the Austrian company Frankstahl with its factory in the Principality of Asturias Business Park (PEPA), begins to bear fruit. It projects to manufacture around 2,900 spare parts for the industrial sector in two years.
This recognition represents a boost to the Asturian agri-food industry, the third sector of activity in the region
Oviedo will become in November 2020 the world capital of cheese by hosting the 33rd edition of the World Cheese Awards, the most important competition in the world in which more than 3,000 varieties will be evaluated by 250 international judges.
In Asturias, tradition is mixed with academic training, technology and innovation, which creates the ideal ecosystem for companies to have decidedly committed to quality and adaptability to market demands.
Examples such as Nestlé, Reny Picot, Danone and other large agri-food companies with a strong presence in Asturias demonstrate the strength of the companies’ commitment to this sector and its great potential as an investment destination.
The branch of dairy products is what produces the highest turnover in the regional sector. Asturias is one of the areas with the greatest number of cheese industries in Europe, with more than twenty official varieties. All this is highlighted by bringing the World Cheese Awards to Oviedo.
It recorded a stock of Foreign Direct Investment of 16,352 million euros at the end of 2017
Asturias occupies the fourth position among the autonomous communities in foreign productive investment in Spain, according to last data collected in the Register of Foreign Investments of the Ministry of Economy, Industry and Competitiveness.
Specifically, our region recorded a stock of Foreign Direct Investment (FDI) of 16,352 million euros at the end of 2017, 4.1% of the Spanish total.
Spain is one of the main recipients of foreign investment worldwide. The total position of FDI in Spain in terms of accumulated stock stood at 659,000 million dollars (592,280 million euros) at the end of 2018, according to the latest data from the United Nations Conference on Trade and Development (UNCTAD) in June 2019. This means that Spain ranked as the fourteenth recipient economy.
The stock of productive FDI already represents 46.2% of Spanish GDP, the second highest ratio after that of the United Kingdom among the five main European countries.
In terms of employment, 1,394,968 jobs in Spain depended on foreign investment at the end of 2017, 28,165 of them in Asturias.
By autonomous communities, the distribution of the FDI stock is concentrated in 89.5% in four of them: Madrid (68.1%), Catalonia (13%), Basque Country (4.3%) and Asturias (4.1%), although the so-called “headquarters effect” tends to overestimate the locations in the major economic poles.
The stock of FDI is an indicator that shows the longest lasting confidence of investors in the local economy and its companies. It is a “photograph” of companies that are installed in a territory. It adds up everything invested except divestments and amortizations.
The institution returns to the world’s academic elite and offers companies a wide range of possibilities for collaboration in the design and development of projects
Asturias has a highly qualified and active population with a deep-rooted industrial tradition. Education, talent and creativity are part of the set of powerful reasons why our region is a very desirable destination for foreign investment.
In this area, the University of Oviedo plays a strategic role, which will be reinforced now that this institution has returned to the world academic elite. The prestigious Academic Ranking of World Universities (ARWU), elaborated by the Shanghai Jiao Tong University (China) and that analyzes the research excellence of the campuses, has placed our university among the 500 best in the world.
The Asturian academic institution was one of the first nine Spanish universities to obtain the seal of Campus of International Excellence, and it did so with a project in which research of excellence, specialisation and the transfer of knowledge to the productive fabric are its main assets.
The university offers new degrees adapted to the European Higher Education Area with degrees that cover most areas of knowledge. Around 30% of its more than 25,000 registered students study technical degrees or postgraduate courses in areas such as chemistry, geology or mining, deeply rooted in Asturian industrial tradition, and in others such as energy engineering, biotechnology or biomedicine, with a very promising future in Asturias.
The European Higher Education Area opened up new expectations for collaboration between university and business, allowing for the incorporation of lines of research in the university environment promoted by the business sector.
The University of Oviedo has seven campuses with a very complete technical training. Some of the degrees that can be studied are the Degree in Mining Technology Engineering, the Degree in Electrical Engineering or the Degree in Physics. In addition, among its wide range of own postgraduate courses there are some as interesting as the Master in Geomining, the Master in Mining Geotechnics or the Master in Management and Development of the Food Industry (MGYDIA).
In Asturias, the technical qualification of the workers is completed with regulated Professional Training, with 17,000 students enrolled, more than 35% in technical careers. In this field, theoretical training is complemented by practical training in companies.
Biomedicine and Health and ICT industries, strategic sectors in Asturias
Medicine and the bio-sanitary industry are strategic sectors in Asturias. The region is making a strong commitment to the development of biotechnology, bioinformatics and biomedicine, based on the promotion of infrastructures such as the Central University Hospital of Asturias (HUCA), the support for R&D projects of the University of Oviedo or the marked innovative activity generated by the Fernandez-Vega Ophthalmological Institute.
The biomedicine and health training at the University of Oviedo is one of the most prestigious in Spain and hosts multiple research related to biotechnology.
Along these lines, it is great news that the institution is going to incorporate the Master in Biomedical Engineering into its strategic degree plan. Biomedical engineering offers a wide variety of job opportunities.
The Spanish Association of Biotech Companies (ASEBIO) publishes an annual report on the state of the sector in Spain. According to the 2018 report, biotechnology companies have had an impact on the Spanish economy of almost 7.000 million euros (0.7% of GDP) and have generated 92.384 jobs.
Also the sector of Information Technologies and Communications (ICT) has acquired greater prominence due to the profound transformation of the Asturian industrial fabric in recent years. Several Spanish and foreign companies have been located in Asturias in the last decade, and their contribution to employment in the sector is very important.
In fact, Data Engineering is one of the priorities of the Polytechnic School of Engineering of Gijón. The university also offers postgraduate studies in Automation Engineering and Industrial Informatics or in Materials Science and Technology, among others.
Research centres of the University of Oviedo
In order to facilitate as much as possible the lines of research of business interest (one of the priorities of the University of Oviedo), the institution has Departments and Research Centres or Institutes, and organizes all research activity around Research Groups.
In some strategic sectors for investment in Asturias, the university has cutting-edge centres that help to develop avant-garde research at European and world level.
For example, in the Food and Beverages sector, it has nearly one hundred research groups and teams related to Biotechnology. The University Institute of Biotechnology (IUBA, Plant Biotechnology, Microorganisms and Bioprocesses), the Biotechnological and Biomedical Trials Unit and the Food Technology Unit stand out.
With regard to advanced materials and nanotechnology, the university has the University Institute of Industrial Technology of Asturias (IUTA), which carries out R&D&i activities in fields such as mechanical design and manufacturing, materials technology and structural calculation or environment and energy.
And in the field of health, another pillar of the future for the economy of the Principality, highlights the Foundation for Biosanitary Research and Innovation in Asturias (FINBA). FINBA is the body in charge of managing excellence in biomedical research in Asturias. Promoted by the Government of the Principality of Asturias in alliance with the University of Oviedo, it has the support of several companies that participate in it as patrons or as benefactor entities.
It was created with the aim of promoting biomedical research by taking advantage of synergies with the Central University Hospital of Asturias, taking advantage of the wealth of knowledge of Asturian health and promoting the joint work of research teams.
And it is also important the collaboration of the Government of the Principality, through the Institute for Economic Development of the Principality of Asturias (IDEPA), with the University of Oviedo in the field of future mobility.
Within this framework, IDEPA has carried out an inventory of the capacity and potential of the Scientific and Technical Research and Innovation System of Asturias (University of Oviedo, Public Research Bodies, Technology Centres and Institutes) with respect to the “green, connected and autonomous vehicle”.
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