Business

Sonaca to take over the American company LMI Aerospace

24 February 2017

Sonaca, the manufacturer of aircraft components based in Gosselies in the Walloon district of Charleroi, is to take over its American counterpart LMI Aerospace at a cost of 432 million USD.

The world's largest malt factory is coming to Antwerp

23 February 2017

With the new extension to its site in Antwerp, Boortmalt will soon become the largest malt factory in the world.

New flights from Belgium to Israel and China

20 February 2017

There is soon to be a new flight connection between Belgium and the coastal resort of Eilat in Israel. New connections are also planned to no less than eight destinations in China.

Belgium supplies Australia with bicycles that can recharge smartphones

20 February 2017

Brisbane international airport has installed at its premises a concept that is unique in Australia.

IBA ready to conquer the Middle East

15 February 2017

At the start of February, a medical fair was held in Dubai. Several Belgian companies attended the event, including IBA, which was a hit thanks to its new contract with the Emirates.

Location, infrastructure and a quality workforce

Belgium occupies an important position on the economic chessboard. It is ranked 11th country in the world for the export of merchandise (WTO-2019 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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