EBAA 2023 – Region of Year: Wrocław
The Wrocław regional market has shown the strongest resilience and outpaced other markets in attracting investor attention.
The Wrocław regional market has shown the strongest resilience and outpaced other markets in attracting investor attention.
Wrocław faced no serious contenders for the top spot in investment attractiveness in 2023. Positioned as a high-tech innovation hub with a robust IT sector of 36,000 professionals and a vibrant startup ecosystem, the city secured Poland’s largest Foreign Direct Investment to date, when Intel committed nearly $4.6 billion to a Semiconductor Integration and Testing Facility in Miękina. Strategically located within the Wrocław agglomeration, this state-of-the-art facility is set to meet the growing demand for semiconductor integrated circuit integration and testing capabilities projected by Intel for 2027. The investment is expected to generate employment for up to 2,000 professionals, with the construction phase creating additional jobs and opportunities for associated suppliers, marking a significant milestone in Poland’s economic landscape.
Among the recent global corporations investing in Wrocław is Nokia, a Finnish leader in broadband transmission in cellular networks. Nokia plans to establish a state-of-the-art technological research and development center in Wrocław, covering over 13,300 sqm. A new complex, specifically designed for this center, will be constructed in Wrocław, further solidifying Nokia’s status as one of the largest employers in the region.
Wrocław, known for attracting global giants like Google, Microsoft, HP, Credit Suisse, and Bank of New York Mellon, continues to strengthen its position as a key hub for foreign high-tech investments. The city is experiencing a surge in new office constructions, and is expected to reach almost 150,000 sqm by the end of 2023. This surpasses developments in both Kraków and the Tricity market.