Gothenburg is expanding and the city is densifying. An estimated EUR 100 billion will be invested in property developments and infrastructure in the years 2016-2035. 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 and many of them 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. Construction is planned through until 2035 and large parts are scheduled for completion by 2021 – when the city celebrates 400 years.
Many other exciting projects are also underway or planned both in and around Gothenburg. In the city's Gårda area, for example, new skyscrapers will change 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 in the years 2016-2035. For more information on the various projects, please visit our developments page or contact Andreas Göthberg.
“The construction pace has increased dramatically. At the same time major infrastructure projects are demanding substantial resources. Foreign companies will play an important role in actualising the city’s development plans.”
- Andreas Göthberg, head of FDI at Business Region Göteborg
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. In the coming years it will have a new cable car system, a rail tunnel under central Gothenburg (West Link), a tunnel under the Göta River (Marieholm Tunnel) and a new bridge in the city centre (Hising Bridge).
A high growth 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 1.2 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 the award-winning collaborative project ElectriCity, where quiet and emission free buses are being tested in the city’s public transport system and are presenting exciting opportunities for sustainable urban development.
PUT YOUR TRUST IN THE RIGHT ADVISOR
If you are considering establishing, expanding or innovating in the region, our team of local experts can provide you with information, contacts and advice. Contact us today.
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