Sought-after business location despite the difficult environment

“These figures underline the importance of Austria as a stable and future-oriented business location, also in geopolitically and economically challenging times,” explains ABA Managing Director René Tritscher.   

Projects with a high level of value creation for Austria account for about 22% of the business location ventures, a further increase compared to 2023. The focus is on future-oriented industries such as information and communications technology (ICT) which once again took the top spot with a total of 66 projects. This sector particularly benefits from the well-trained, skilled employees, Austria’s advanced infrastructure and funding for innovation. 

The growth areas of life sciences (21 projects) as well as energy and environmental technology (17) sustainability make an impact on the innovation landscape. For example, the pharmaceutical company Novartis is investing a three-digit million euro sum in its existing facilities in Tyrol. Electra headquartered in France is expanding to Austria and aims to set up more than 600 fast-charging points for electric-powered vehicles. Lam Research further expanded its facility in Villach and ceremoniously commemorated its 17th extension project by opening a new production and logistics centre. These projects demonstrate that Austria offers optimal conditions for visionary companies. 

CAE, a globally leader provider of aviation trainings headquartered in Canada announced in 2024 that it will make massive investments in its new training centre with simulators for pilots. "Vienna is a key hub in Central Europe that complements well our business aviation training network," says Alexandre Prévost, CAE’s Division President - Business Aviation. "With its strategic location and vibrant aviation environment, Vienna offers pilots a unique opportunity to enhance their skills, making CAE Vienna a top training destination. The Austrian Business Agency has been a valuable partner, offering support and local insights as we establish ourselves in the region." 

Research and development for growth  

With a research intensity (ratio of research and development to GDP) of over 3%, Austria ranks among the top performers in Europe. International startups and R&D projects benefit from a unique combination of the research premium, excellent research facilities and highly qualified skilled workers. Austria once again attracted numerous innovation-driven companies, as reflected by 40 international startups and 35 research and development projects.  

Austria’s strategic geographical location in the heart of Europe is another competitive advantage. Austria serves as a logistics hub for companies aiming to tap into European and global markets thanks to one of the best road and railway networks in the world as well as access to important harbours. The business location projects originated primarily in Europe, North America and East Asia. “This diversity strengthens Austria’s position as a globally networked business location. Companies from all around the world have confidence in Austria’s stable conditions and innovative strength,” says ABA Managing Director René Tritscher. 

ABA as a partner for investments 

Thanks to its more than 40 years of experience, the ABA offers customised solutions which it provides free of charge as a service of the Republic of Austria. The INVEST in AUSTRIA department of the business location agency supports companies, for example with market analyses, the search for suitable sites, networking with relevant players and consulting on funding and financing possibilities. The ABA has established itself as a reliable partner facilitating market entry and offering long-term support.  

Read more about ABA’s annual results in the following press release: Annual Results 2024