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Record number of foreign companies invest in The Hague

Published: 26 January 2018Modified: 26 January 2018

54 foreign companies opened an office or expanded their business in The Hague in 2017. This was accomplished with the assistance of The Hague Business Agency and InnovationQuarter, the acquisition partners of the City of The Hague. These companies are expected to create 788 new jobs within 3 years and invest a total of € 60 million in the city.

Most investments from China and the U.S.

With 14 companies, China proved to be the largest investor in The Hague again last year. However, the extra efforts of The Hague Business Agency and InnovationQuarter to attract companies from the United States, the United Kingdom and India in particular paid off in 2017. Some 11 U.S. firms chose The Hague as a base for business, while 6 companies from the United Kingdom invested in the city and no fewer than 5 Indian enterprises opened a new branch here. 

IT, Tech, Cybersecurity and Energy

The Hague is very popular with companies in the IT, Tech and Cybersecurity sectors. LeoSat, a US tech firm, opted for The Hague and starting in 2019 is slated to be the first company in the world to offer low-latency, long-distance data traffic using optical inter-satellite connections.

The Indian company Krypc Technologies, a fast-growing international supplier of blockchain platforms, and the U.S. cybersecurity business DTEX Systems, which develops unique software for detecting threats from the inside and infiltration from outside, both chose The Hague as the location for their European headquarters.

In addition, the Danish energy company Orstad (formerly Dong Energy) chose The Hague as a base from which to prepare the construction of wind farms in the North Sea.

International city of Peace, Justice and Security

More International organisations and NGOs are also finding their way to The Hague, international city of Peace, Justice and Security. In 2017, the municipality’s Department of International Affairs in collaboration with The Hague Business Agency helped UN OCHA and International Alert set up office in The Hague.

UN OCHA is a data centre for collecting and analysing information on people affected by natural disasters and humanitarian crises. The non-governmental organisation International Alert was established to help people in conflict zones find peaceful solutions.

Additional jobs for The Hague

The Hague's appeal as a business city is increasing. In addition to the companies that were actively supported by the acquisition partners mentioned above, other international firms have also opted for The Hague. AstraZeneca, a biopharmaceutical firm with its international head office in the United Kingdom, moved 200 people from Zoetermeer to The Hague, while the British company Merlin Entertainments confirmed The Hague as the location for a Legoland Discovery Centre. This tourist attraction is expected to open its doors to the general public in 2019.

Cooperation in The Hague region

The 54 investment projects are the result of a joint effort by The Hague Business Agency and InnovationQuarter in association with the Netherlands Foreign Investment Agency (NFIA), an operational unit of the Ministry of Economic Affairs and Climate. As 'Invest in Holland' partners, the 2 acquisition partners support the City of The Hague in profiling the region internationally as an economically attractive business location.