Denmark bullish on foreign investments

Denmark bullish on foreign investments
Photo: Iris/Scanpix
The Danish foreign ministry says that it helped 68 foreign companies invest directly in the country in 2016.

In a press release, the ministry said that its Invest in Denmark department, which assists collaboration between local regions and stakeholders to promote investment in the country, it had achieved an annual result “in line with the previous year’s record”.

The ministry employs specialised staff in Denmark and abroad to facilitate foreign investment in the country.

Of the 68 foreign investments registered through Invest in Denmark in 2016, 26 of these were classified as “high quality” projects, according to the ministry. This means that they were either high in volume or that the investors had a low amount of knowledge of Denmark before investing, according to a Ministry of Foreign Affairs press release.

The 26 “high quality” investments represent a 20 per cent increase in investment of this type on 2015, says the ministry.

The result is a sign of the “number of high quality projects with high direct and indirect impact on economic growth and competences in Denmark,” said the ministry press release.

Companies that established themselves in Denmark in 2016 include US ozone technology and environmental solutions firm Piper Environmental Group; freight company Maurice Ward, which opened a Scandinavian hub in Billund; and Japanese giant Mitsubishi Rayon, which set up a joint venture with Danish components manufacturer Fiberline.