Malaga, Spain, is a Mediterranean city characterised by its wonderful climate, beautiful natural light, extraordinary sunrises and sunsets, the hospitality of its people and 3,000 years of history - but also for being a smart city with an innovative surrounding ecosystem.
With a metropolitan population of 1.1 million (8 % foreign), it is a dynamic southern-European hub and the gateway to the famous Costa del Sol tourist destination.
Malaga has one of the highest GDP growth rates since 2000 and is the third highest-ranking province in Andalusia and Spain in terms of overall growth. Malaga's economic growth was 3.5% in 2015 and 3% in 2016.
We have branded our innovative ecosystem as "Malaga Valley". The most notable aspects of Malaga Valley are:
Local success stories include Aertec Solutions, Agapea, Freepik, Mayoral Tiendanimal and Uptodown. In 2010, the multinational Ericsson was searching for the best telecommunications optimisation technology in the world and bought Optimi, a company founded in Malaga. Twenty-four years ago, local engineers created AT4 Wireless, which became a world-leading testing and certification laboratory serving the telecommunications and electricity sector. Lastly, eight local entrepreneurs hit the jackpot in 2012 when they sold their company, VirusTotal, to Google.
Malaga-Costa del Sol international airport is the fourth busiest in Spain, exceeding 16 million passengers in 2016 and serving 133 destinations. The main destinations in volume are the UK, Germany and France, which represent 85% of the international traffic in Andalusia. The new runway and terminal T3 have capacity for 35 million passengers a year in the future.
Ultimately, Malaga as a business location can add tremendous value to a company by lowering overall operating costs at the same time as rewarding employees with a high quality of life. Malaga is an excellent nearshoring destination.
The city is the birthplace of the great painter Pablo Picasso and the international actor Antonio Banderas. Malaga boasts an extensive network of more than 30 museums including: the museum and the birthplace of Pablo Picasso; Centre Pompidou in Malaga, the Collection from the Russian Museum of Art in St Petersburg; the Carmen Thyssen Museum and the Contemporary Art Centre.
In conclusion, Malaga has all the amenities of a major European capital without traffic congestion, pollution or stress. Low operating and living costs juxtaposed with a culturally dynamic and internationally well-connected city with an excellent work-life balance make Malaga an ideal place to live, work and invest in.
For information, please contact us. The City Council has a duty to advise and assist foreign companies and offers a variety of soft landing services.