Montreal attracted a record number of foreign investors last year. No less than 3.58 billion dollars distributed in more than a hundred projects were raised in 2022. And the suburbs of the metropolis are not left out before its results.
Montreal International, Greater Montreal’s economic promotion agency, unveiled Monday morning the results of their efforts to attract foreign investment last year.
The 102 internationally funded projects created 8,287 jobs at an average annual salary of more than $88,000, their data shows. However, the value of these investments ($3.58 billion) is not a record.
Last year, Montreal International registered 100 foreign investment projects with a total value of $3.76 billion.
The suburbs attract
This slight decrease is offset by the attractiveness of the suburbs of Montreal. Longueuil, Laval and the suburbs of Montreal also welcomed a record number of foreign investors last year. A total of 21 projects representing $755 million were launched in 2022.
Companies in the health sector have been particularly attractive throughout Greater Montreal, with a record 12 projects worth $684 million, up 143.76% from 2021. The giant’s installation Moderna pharmaceutical company in Laval is no stranger to this.
More than half of foreign investments come from the Americas, while France, Switzerland and the rest of Europe and the Middle East share 42% of investments.
These data were presented to the public during a press conference bringing together Pablo Rodriguez, Minister of Canadian Heritage, Pierre Fitzgibbon, Minister of Economy, Innovation and Energy, Valérie Plante, Mayor of Montreal and President from the Montreal Metropolitan Community, Catherine Fournier, Mayor of Longueuil and Stéphane Boyer, Mayor of Laval.
More details will follow.