The Netherlands as the new hub for Inditex and Europe – Employers

The Netherlands as the new hub for Inditex and Europe

The Netherlands as the new hub for Inditex and Europe

The Netherlands has positioned itself as the most competitive European economy for the first time according to the 2019 classification of the Global Competitiveness Index prepared by the World Economic Forum (WEF). In the world, only Singapore, the United States and Hong Kong are ahead of the Netherlands.

The Netherlands has positioned itself as the most stable macroeconomic country thanks to its infrastructure and business dynamic.

Factors that position the Netherlands as an excellent place to invest

Location: The almost centralized location within Europe makes it easy to reach the 500 million consumers in Europe. In addition to being able to facilitate access to commercial customers.

Infrastructure: International airport and the best-classified seaports. High-speed road and rail networks and broadband are second to none.

Fluent in English: Almost 90% of Dutch people speak English, the language of business in the world and many people are multilingual.

Good business climate: Hundreds of multinationals thrive in Holland since they decided to settle. Companies such as BASF, Bloomberg, Cisco, Danone, Fujifilm, Johnson & Johnson, among many others, have their headquarters in the Netherlands.

Also, the Netherlands Foreign Investment Agency offers free and confidential services to facilitate the start-up, implementation and expansion of companies in the Netherlands.

For these reasons, the textile multinational Inditex began months ago the construction of its logistics platform in Lelystad (Holland), a city near Amsterdam and Schiphol airport.

Inditex has reported that the facilities have “successfully” passed the test phase developed in recent months, and are already partially operational, reaching full operation in 2020. The platform has 35 hectares and would have added investment of up to 100 millions of euros. They are employing more than 400 people.

Growth of Holland after the announcement of Brexit
According to reports from the Netherlands Foreign Investment Agency (NFIA) over a hundred companies that had their headquarters in the United Kingdom have established themselves in Holland in the last two years.

The uncertainty means that another 325 companies are negotiating with The Hague government the conditions for an imminent transfer. The United Kingdom’s exit from the European Union closes the easy access to the market that existed until today.

The vast majority of companies are settling in Amsterdam, but other cities such as The Hague, Utrecht and Rotterdam are also hosting part of these companies.

Financial institutions such as the Japanese Norinchukin or media companies such as Bloomberg Discovery have already moved their headquarters to the Netherlands as well as the European Medicines Agency (EMA), which since March operates from the Dutch capital.

In a statement, the Dutch agency explains that other companies have chosen not to move all of their offices, but part of the company, to remain active in both the British and European markets.

According to the NFIA agency, the first 62 companies that have already moved to Holland due to the instability generated by the “Brexit” have created some 2,500 jobs and accumulated 310 million euros in investments in the transition process.

A more dynamic Dutch economy
According to an interview with the EFE agency, the Netherlands Secretary of State for Economic Affairs and Climate Policy, Mona Keijzer, said:

“The WEF report states that the Dutch economy has become much more dynamic, but we will have to continue investing in innovation, both in the public and private sectors, to maintain that superior position and, therefore, so much, our jobs and income in the future.”

New technologies
Keijzer emphasized the importance of the Dutch government, companies and knowledge institutes to develop new technologies such as artificial intelligence (AI) to help the Dutch economy to continue to grow.

The Dutch government has recently announced a new policy for technological innovation, and financing facilities that will be published this autumn.

Emerging economies
Keijzer further noted that a new Dutch approach is necessary because established and emerging economies in Asia are changing the international playing field. Asia is developing their knowledge economy at a rapid pace and, therefore, increasingly form competition for the Netherlands, their jobs and income.

“However, the current ranking in the Global Competitiveness Index shows that theNetherlands is well-positioned to cope with that competition,” said Keijzer.

Holland in the top ten
The Netherlands has consistently been among the top ten of the world’s most competitive economies since 2005. In 2016 and 2017, the Netherlands ranked fourth worldwide and was the most competitive economy in the European Union.

Last year, Holland fell to sixth place. This year, the Netherlands has surpassed Germany and Switzerland and has returned to fourth place worldwide. The complete list consists of 141 countries.

Temporales Jobs collaborates with new companies that are being established in the Netherlands, by recruiting different profiles for temporary and long-term jobs to work in several sectors, as for example logistics, house and machine maintenance, and hospitality.

Recently, Temporales has been hired as one of the companies in charge of selecting the first employees for the new warehouse of Inditex in Lelystad.

Source: Netherlands Ministry of Economic Affairs and Climate Policy.

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