Flanders attracts record 5.4bn euros in foreign investments in 2024

Flanders attracted a record 5.4 billion euros in foreign investments in 2024, creating over 5,000 new jobs across the region. The figures highlight the region’s resilience and appeal, particularly in innovation, minister president Matthias Diependaele said. ​ 

According to Diependaele, Flanders’ strategic location, specialised workforce and focus on innovation continue to appeal to international investors. In 2024, the region saw 277 new projects - a 5 per cent increase from the previous year - while job creation and investment volumes grew by around 10 per cent. 

For the first time, research and development became the leading investment category. Notable sectors attracting foreign capital include IT and telecom - particularly semiconductors - cleantech, and chemicals.

US leads

American investors played a significant role in the record figures. The US has reclaimed its position as the largest foreign investor in Flanders after a decline in 2023. Noteworthy projects include the construction of a new plastic recycling plant by Freepoint Eco-Systems in Ghent and the opening of SpectronRx’s European radiolabelling facility for cancer treatments in Mol.

European investors also remain crucial, accounting for over 60 per cent of total projects. However, investments from Asia continue their downward trend: both Japan and China show significant declines.

Economic challenges

Despite the positive results, Diependaele acknowledges economic challenges that could impact growth. He emphasised the need for favourable policies to sustain investment momentum and ensure long-term competitiveness. 

To reinforce Flanders’ position on the global stage, the minister-president is attending the World Economic Forum in Davos, where he aims to showcase the region’s potential to key international investors. 

^{​#FlandersNewsService | Illustration © IMAGEGLOBE JONAS HAMERS}