Key Competitive Attractions
- Excellent financial opportunities
- Norway’s success can be attributed to its massive petroleum affluence, shrewd financial management and an effective policy response to reduce the effects of the global financial crisis.
- Advanced professional environment and strong traditions in banking and finance in the capital of Norway, enhanced by the Norwegian School of Economics and Business Administration.
- Among the top ten global countries for innovation (Global Innovation Index, INSEAD, 2009-2010.)
- Many of Norway’s major ideas have even been sold through large international acquisitions; Cisco bought Norwegian video conferencing company, Tandberg, for an impressive $3.4 billion. This kind of innovative aptitude is being honed and nurtured in dozens of R&D parks and incubators throughout the country.
- Oslo Bors and Singapore Exchange Limited (SGX) reached an agreement last July to allow for secondary listings on each other’s exchanges, which will significantly benefit companies within their common energy, offshore and shipping sectors.
- A member of the European Free Trade Association (EFTA)
- Free trade agreements and declarations of cooperation with over twenty countries.
- Investment protection agreements with many countries
- Open economy, strategically positioned for globalisation and access to emerging markets.
- Vast amounts of natural resources including oil, gas, wind, fish and hydropower.
- Extensive facilities for using and developing new technology
- High standards in education
- High competence levels in the labourforce
- Almost 50% of inward and outward investment stocks are in the manufacturing and energy exploration and extraction industries (Statistics Norway).
- Financial and business services also account for a significant proportion of activities for direct investment.
- FDI in Norway totalled NOK 658 billion, in 2007, compared to NOK 599 billion in 2006.
- Approximately 1/3 of the capital invested in Norway came from the US and Sweden in 2007, with other major trade partners including the UK, the Netherlands, and Denmark.
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