Logistics has solid base for growth in Luxembourg
Luxembourg is closer to achieving its goal of becoming an international logistics hub, with the sector accounting providing up to 4 percent of the country's employment.
Business Minister Etienne Schneider and Infrastructure Minister Clause Wiseler this week revealed that the sector employs around 13,000 people in Luxembourg and generated 850 million euros in 2011.
Reflecting on the progress of the National Action Plan for Logistics and Transport, the two officials said that excluding internal projects already established, the project has generated a 830 new jobs and created more than 130,000m2 of logistics space.
And, once ongoing initiatives are carried through, a further 200 jobs and 100,000 m2 of logistics space will be created.
“The Luxembourg logistics sector now has a solid foundation for its future development,” Minister Schneider said at a press conference, adding: “This is confirmed by the recent arrival of companies such as Expeditors (United States), Natural Le Coultre (Switzerland) and Mars Logistics (Turkey)."
The logistics and transport national plan aims to position Luxembourg as an intercontinental logistics and multi-modal platform in Europe. Among other projects, it has contributed to the development of the Pharma and Healthcare Centre at Findel and encouraged investment in the Luxembourg Freeport.
Claude Wiseler said: “Despite a highly competitive market, multi-modal platforms have weathered the difficult economic situation and thanks to significant investments made or in progress now, they are a source of growth in this sector.”