The FDI Intelligence publication of Great Britain’s Financial Times group announced the TOP 100 ranking of the cities in which the most foreign direct investments were made in 2023.

Baku last year recorded its highest number of FDI projects since 2017. Alongside several logistics FDI projects, Hungary-based Hell Group plans to invest $211m into an aluminium beverage can plant in the city’s Alat Free Economic Zone.  

The leading city for FDI growth in 2023 was the university hub of Mannheim in south-west Germany, where a number of existing investors like pharma giant Roche have decided to expand their presence. Craiova, the city home to carmaker Ford in Romania, had the second highest growth of FDI, largely due to a €125m shopping centre built by NEPI Rockcastle, which attracted several foreign-branded retail stores.  Note that FDI Intelligence, owned by the Financial Times, specializes in in-depth analysis of global and regional markets and the corporate investment climate across multiple sectors of the economy. The FDI 100 methodology of the publication is based on the study of 100 regions that are developing rapidly in terms of attracting foreign direct investments.