Key Competitive Attractions
Madrid Emprende is the Economic Development Agency for the City of Madrid, created by the Madrid City Council. The City of Madrid is Spain's largest and capital city, with a population of 3.3 million in the city alone, extending to nearly 6 million within its metropolitan area. Despite its modern infrastructure, it has preserved the character of its historic quarters.
Madrid is one of Europe's highest recipients of FDI for several reasons:
- The Madrid urban agglomeration ranked 4th highest in GDP in Europe in 2009, amounting to €230 billion.
- High economic output
- High standard of living
- Major financial centre of Southern Europe
- Home to headquarters to the majority Spain's corporate giants, companies, and three of the world's largest companies - Banco Santander, Telefonica, and Repsol-YPF.
