It is the fourth autonomous community with the greatest capture of foreign resources after Madrid, Catalonia and Navarre. | Arcelor Mittal provided 96% of the investment volume during the first half of the year.
In 2014, the region of Asturias was positioned as the fifth most invested autonomous community in Spain in terms of foreign capital investment volume, behind Madrid, Catalonia, Valencia and the Basque Country.
On a national level, Asturias is one of the top ten autonomous communities in terms of foreign capital, which according to information from the 2014 Foreign Investment Registry, makes if the fifth most attractive autonomous community for foreign investors.
Over the course of last year, Asturias attracted 487,173.44 million euros of foreign capital, almost six times more than the 62,737.35 million registered in 2012. In 2014 the region captured 2.54% of all foreign investment entering Spain, a figure that positions Asturias as the fifth most successful autonomous community in attracting foreign capital, coming behind Madrid, Catalonia, Valencia and the Basque Country.
Even back in 2013 Asturias was starting to reveal its potential. In fact, according to information from the Foreign Investment Registry, Asturias already featured in eighth position in terms of direct foreign investment stock in Spain, i.e., tangible fixed assets (land, buildings, assembly lines, machinery, etc.). The value of these assets reached a total of 4,302 million euros, 100 million more than in 2012.
These figures have a significant and positive repercussion on the employment market. According to information from the National Statistics Institute (INE) and the Foreign Investment Registry, in 2013 companies with foreign capital employed 25,042 people, the equivalent of 2.2% of employment generated by foreign investment across Spain. In 2013, this figure represented 7% of all employment in Asturias.