22 January 2016
Record number of foreign companies to the Hague region
The WestHolland Foreign Investment Agency (WFIA) helped a record number of 44 foreign companies last year to establish new offices or relocate within the region. These companies account for a total of 350 new jobs. In addition to new job creation, WFIA has also contributed to the retention of hundreds of jobs in the Hague region during 2015.
Alderman Karsten Klein (Economic Affairs): “The economy of The Hague is showing a steady growth and the city council wants to further support this development. We are proud that our economy is becoming more broadly based: in addition to government organizations, multinationals as innovative startups are well presented in this city. The WFIA is an important partner of The Hague. The positive figures of 2015 confirm our view that companies like to settle here.”
Photo: The International City Podium 2015 brought together over 400 international talents and employers. Access to talent is for international employers an important factor for growth.
IT & Telecom
Most of the foreign companies that set up business in The Hague last year are active within IT & Telecom, a sector for which the city offers many opportunities. Although companies are fuelling the growth of this sector by actively cooperating through sharing knowledge and networks, it is access to talent as well as state-of-the-art infrastructure and connectivity which makes The Hague an obvious location for IT businesses. Examples of ambitious foreign companies that set up in The Hague last year include start-up company Lanetix from the USA, a developer of applications for large logistics companies, and Dialoga Group from Spain, a supplier of cloud-based telecom services.
China again largest investor
In 2015, a total of 24 Asian companies landed in The Hague. As was the case in 2014, China was again the number one investor in The Hague region, accounting for 17 of these companies. Xinhuanet is part of the Xinhua State News Agency and now operates from The Hague as an independent enterprise, focussing primarily on big data and new media. A major Chinese newcomer to the region is Tong Ren Tang, the worldwide market leader in traditional Chinese herbal medicine. Tong Ren Tang anticipates bringing 35 jobs to the region over the next three years.
Doing business in The Hague
Recent studies by ING indicate steady economic growth within The Hague. By cooperating with its acquisition partners and the Municipality of The Hague, WFIA’s main objective is to contribute to this growth, not least by attracting new international businesses. Recently The Hague delegations visited the US, China and India. This is proving to be effective by helping to place The Hague on the radar of foreign companies.
Marleen Zuijderhoudt, Executive Director at WFIA, underlines the importance of these organisations to the region: “The Hague positions itself as the City of Peace and Justice and a city of international business. By cooperating with the municipality of The Hague, we help international companies as well as international NGOs to become established in the region. The NGOs that have set up in The Hague over the past year operate mainly in the field of Peace & Justice and focus their activities primarily on the tribunals, law courts and international institutes that are already present in the city.”
Please find here the Dutch press release
For more information:
Renée Hammersley, Marketing Communications Advisor
070 311 55 55 / 06 24 75 66 56