GIBRALTAR / SPAIN (Agencies) Gibraltar invested a total of €33,200,000 in Andalucía during 2011, according to the country's Ministry of Economy and Competition. The Rock is outdone only by the UK (€131.1m), Luxembourg (€114.1m) and the Netherlands (€46m). Other interesting Gibraltarian investments: Denmark (€16.8m), Switzerland (€14.2m) and Belize (€11.4m). However, investment in Andalucía from outside the region was down by 61.68%, compared to the same period last year. The cause for that figure is principally owed to the downturn in the construction industry and related businesses such as real estate development, building materials including metallurgy and fabrication, as well as water, electricity and gas production, among others. Andalucía's investment abroad was also down by 21.36% year on year, to a total of €538.8m. Investment went mainly to Brazil, USA, Luxembourg and Argentina. PLEASE BE AWARE THAT ITEMS SUCH AS THIS MAY BE SUBJECT TO SUBSCRIPTION IN THE FUTURE but you can make a donation NOW, too! Please click here for more information on how to help us continue.
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