The large increase in FDI projects in Belgium runs contrary to the main trend in Europe overall. As a result, the country continues to make its way up in the European FDI rankings, going from 8th place in 2017 to 5th place in 2018. According to EY, the uncertainty surrounding Brexit is one of the main reasons why international companies increasingly choose to secure their businesses by investing in Belgium. Another reason highlighted by the consultancy firm is the supply chain reorganization taking place across Europe over the past few years, which contributed to a 18% increase in new logistics projects.
Top 10 European countries based on number of FDI projects in 2018
But logistics isn’t Belgium’s only flagship activity. In fact, the number of research and development (R&D) projects launched by foreign firms more than doubled in 2018. Furthermore, EY’s European Investment Monitor indicates that, compared to other world regions, Western Europe has become more attractive for the launch of new business activities than ever before in the past 10 years.