BERLIN: Germany attracted a record 3.2 billion euros in foreign investment last year, as the number of new investors reached an all-time high thanks largely to growing interest from China, the trade and investment agency said.

Foreign investors launched 1,199 new projects in the country in 2014, up a fifth from a year earlier, and the value of projects rose by 18.5 per cent from 2.7bn euros in 2013, according to the report by Germany Trade & Invest (GTAI), a government institution.

Foreign investment also created at least 16,000 jobs in Europe’s biggest economy last year, GTAI said.

“Germany is the safe haven in Europe and is one of the fastest-growing industrial countries,” GTAI director Achim Hartig told Reuters on Monday.

Published in Dawn, April 28th, 2015

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