Urban development in Gothenburg

With a focus on sustainable development, Gothenburg is expanding and the city is densifying. An estimated EUR 100 billion will be invested in property developments and infrastructure between 2016 and 2035. The opportunities for investors and innovators in sustainable urban development are tremendous.

Urban development: Gothenburg's sustainable transformation

Gothenburg is on a new path towards becoming a more sustainable and interconnected city. Investments currently being made in roads, railways, and public transport aim to make it easier for people to get around, improve the environment, and provide better conditions for businesses in the region.

But it’s not just about new buildings and infrastructure. We’re creating possibilities for meetings, interaction, experiences and development. This is generating immense optimism for the future, and part of the reason why we are attracting people, companies and investment like never before.

Projects that are transforming Gothenburg 

River City

The region is bustling with development projects, many of which are in ideal city locations. One such project is RiverCity, where former shipyard areas in the heart of Gothenburg have been revitalised and transformed into new urban districts. With 5 million sqm developed, including 25,000 apartments and workplaces for 50,000 people, it is the largest urban development project in Scandinavia.

One of the landmark features is the skyscraper Karlatornet, which was completed in 2024. Standing at 246 metres tall, it is now the Nordic countries' tallest building. The tower has quickly become an iconic feature of the city skyline, symbolising Gothenburg's ambitious urban transformation.

GoCo Health Innovation City

In just a few short years, GoCo Health Innovation City has emerged and strengthened the region’s life science sector. The new district brings together local companies and organizations while attracting new ones to the region. 

The vision is a world-class life science district with 350 companies and 7,000 people, where collaboration is built into the core.

Näst Innovation Destination Torslanda

A new innovation district, Näst Innovation Destination Torslanda, is being developed at the Volvo Cars campus in Torslanda. The intention is to develop the area with 200,000-300,000 m2 of facilities specifically designed for innovators in the mobility sector. 

Focus areas are materials, energy, software and mobility. Volvo Cars is heading this collaborative effort, together with the real estate companies Next Step Group and Vectura Fastigheter, with support from the City of Gothenburg. 

The Centralen Area

The Centralen area is one of Gothenburg's most important development areas. In the Centralen area, 2,000 new homes and 20,000 jobs are planned. First up is the Park Central office building and the new Gothenburg Grand Central station building. The area has the best public transport options in the region and an underground central station with four tracks, just northwest of the current train station, is currently being built. 

The event district

Gothenburg is also one of Sweden’s main event cities, hosting large conferences, concerts and sporting events. The area around the event district in central Gothenburg will undergo major changes going forward, including a new arena and new public swimming pools.