Business

Trainers made from apple leather: a Belgian invention

09 May 2019

Belgian brand Komrads is set to market the first trainers made from the fermented pulp of apple peel.

Contraceptive pill from Liège-based biopharma company, Mithra, wins ‘essenscia Innovation Award 2019’

12 April 2019

This year, the biannual essenscia Innovation Award, Belgium's most prestigious prize for industrial innovation, went to Mithra, the Liège-based biopharma company, for their development of Estelle

The adventures of Lotus in America and Africa

22 February 2019

2018 was a fantastic year for Jan Boone, CEO of Lotus Bakeries, and his family. Over the past seven years, the family business has doubled its turnover.

Record sum for foreign investments in Flanders in 2018

05 February 2019

Flanders appears to be attracting more foreign companies than ever. In 2018, they injected 4.24 billion euros into 234 investment projects, compared to 2.08 billion in 215 projects in 2017.

A new Belgian skyscraper planned in Dubai

28 January 2019

BESIX has just been awarded the contract for the construction of yet another mega-tower in Dubai. The 330-metre-high skyscraper will be located in the new Uptown Dubai district.

Location, infrastructure and a quality workforce

Belgium occupies an important position on the economic chessboard. It is ranked 12th country in the world for the export of merchandise (WTO-2014 Report) and is a favourite destination for investors. Every year, billions of euros of foreign direct investment are made in Belgium.

Belgium offers the opportunity to reach 200 million consumers in a radius of 500 kilometres thanks to its central geographic position and its quality logistics infrastructures. Sea ports, inland ports, canals, airports, rail, road and motorway networks: the various communication channels in Belgium are constantly being adapted to the needs of the economy. For example, the port of Antwerp is the 2nd busiest European port and has the largest petrochemical complex in Europe. The city of Antwerp is the diamond capital with 80 % of the market in rough diamonds and 50 % in polished diamonds.

There are many other reasons to explain Belgium's economic success including a highly-qualified, multi-lingual and flexible workforce, proximity with the international decision-making sphere based in Brussels, many financial and tax incentives, affordable property prices, legendary hospitality, excellent social security and more.

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