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InvestPorto · Investment & Companies · Events & Networking

Porto ranks 3rd in Financial Times’s top European Cities of the Future

Porto ranks 3rd in Financial Times’s top European Cities of the Future
18 Feb 2022
fDi Intelligence, a Financial Times publication specializing in foreign investment, has just released the results of the 2022/23 edition of the "European Cities and Regions of the Future" ranking. The City of Porto was highlighted for its investment promotion strategy, winning 3rd place in the category of "Best FDI strategy - Mid-sized Cities".

After placing 5th in the 2020/21 edition of the ranking, Porto rose to the European podium, coming in 3rd place in the ranking of medium-sized European cities with best FDI attraction strategies. Porto is ranked ahead of other European cities such as Edinburgh, Newcastle and Nottingham, in the United Kingdom, or Bilbao, in Spain.

This result reflects the priority that Porto City Council has placed on attracting foreign companies and investors, in order to promote job creation and the growth of the local economy. The city's strategy is led by InvestPorto, a municipal division dedicated to promote and facilitate investment projects in Porto. Since its creation in 2015, InvestPorto has already attracted more than 1.7 billion euros in investments, which contributed to the creation of over 18,000 new jobs in Porto.

The panel of juries invited by fDi Intelligence for the 2022/23 ranking evaluated the investment promotion strategies of 75 European cities and regions, grouped according to their population. The panel took into account several indicators such as the type and number of investments attracted in the last 18 months, the fastest growing sectors and the measures taken to promote the post-pandemic economic recovery.

The "fDi European Cities and Regions of the Future" awards ceremony will take place on 15 March, alongside MIPIM 2022, Europe's largest real estate trade show, where the city of Porto will be present with its own stand and the largest representation ever.

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