Germany Scales Up Its Investment Promotion Activities

Germany Scales Up Its Investment Promotion Activities

January 12, 2007

New investment promotion agency `Invest in Germany'


    BERLIN, Jan. 12 /Xinhua-PRNewswire/ -- The federal
government announced today the merger of the two agencies
"IIC - The New German Laender Industrial Investment
Council GmbH" and "Invest in Germany GmbH."
The new organization's name is "Invest in
Germany." Its mission is to promote Germany as
location for business, investment, and technology and to
actively identify business opportunities for international
investors.

    Dr. Horst Dietz, President of the new organization
"Invest in Germany," called the move a clear
signal to investors and the international competitors:
"With the new Invest in Germany we will be in a much
stronger position to promote Germany even better as a
leading business and investment location. And it will allow
us to support and advise international investors even more
effectively and comprehensively. The new organization will
combine our two major objectives, namely the international
marketing for the business location Germany and the
acquisition of foreign investors for Germany. This new
focus further strengthens Germany's competitiveness as one
of the world's most attractive locations for foreign
investment. A larger budget as well as additional highly
qualified personnel allows us to build on the successes of
the past."

    The "IIC" has up to now been responsible for
attracting investment into the former East Germany -- the
so-called new federal states. The company was founded in
1997 and has since then acquired investments totalling 4.7
billion Euros. Dr. Horst Dietz has been president of the
IIC since 2002.

    The mandate of the old Invest in Germany was to promote
and market the business and investment location Germany in
its entirety.

    The new company will be headquartered in Berlin with 90
employees and will have offices in the United States, Japan,
and China.   


    For more information, please contact: 

     Invest in Germany GmbH
     Eva Henkel
     Friedrichstrasse 60
     10117 Berlin
     Tel:   [phone]
     Email: [e-mail]
     Web:   http://www.invest-in-germany.com 
            http://www.iic.de    


SOURCE  Invest in Germany GmbH