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 actors in urban development and construction are tremendous.
Gothenburg is on a new path towards becoming a truly sustainable and interconnected 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 will be given a revival and new city areas will emerge. With 5 million sqm being developed, including 25,000 apartments and workplaces for 45,000 people, it’s the largest urban development project in Scandinavia.
Exciting development projects
Many other exciting projects are also underway or planned both in and around Gothenburg. In the city's Gårda area, for example, new skyscrapers are changing the skyline; while just east of Gothenburg a new sustainable town with 10,000 homes will be built from scratch.
In total, an estimated 105,000 homes and large volumes of commercial space will be built across the Gothenburg region between 2016 and 2035.
In Gothenburg well-functioning logistics and transport are already in place. The city is also investing heavily in infrastructure projects and public transportation – to meet the demands of tomorrow. A new tunnel under the Göta River (Marieholm Tunnel) opened in December 2020. The new bridge in the city centre (Hising Bridge) is opening in May 2021 when Gothenburg celebrates 400 years. In the coming years Gothenburg will have a new rail tunnel under the central city (West Link).
A fast growing region
Gothenburg is growing. In fact, it’s one of the fastest growing regions in Europe. In the spring of 2017, the region’s population passed the 1 million mark and by 2030 it should have around 1.2 million residents.
The ongoing investments in transport infrastructure will also lead to more commuting from surrounding areas. The labour market area, which today encompasses 1.4 million people, is expected to grow to 1.8 million people by 2030.
Opportunities for innovative companies
Gothenburg’s extensive plans demand not only major investments but also innovative and sustainable solutions. This presents opportunities for investors and businesses offering everything from smart energy solutions and ideas within traffic systems to different types of housing.
Businesses and academia are also encouraged to use the city as a test arena for new ideas. One such project currently underway is HSB Living Lab where students and researchers live inside a dynamic building in order to test innovations and technical solutions intended for next-generation housing. Another example is AstaZero, the world’s first full-scale independent test environment for future road safety.
More information about testbeds in Gothenburg.
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