
Saxony-Anhalt is the state with the right mix. Mountains crisscrossed by hiking paths roll into plains where wind farms stretch over the horizon. The high quality of the soil has made the region famous for the food it grows.
Industry in Saxony-Anhalt is also rich in diversity and includes everything from automotive supply production and mechanical engineering to information technology, biotechnology, and medical technology. The real economic engines, though, are the logistics, renewable energies, and chemical industries.
A central location and outstanding infrastructure have attracted a large number of logistics companies to the region. The world’s second largest producer of solar cells, Q-Cells, and ENERCON, a manufacturer of wind turbines, call the region home. And a surging chemical industry – with big names like Bayer, Total, and Dow Chemical – has made the region the largest recipient of Foreign Direct Investment in eastern Germany. This influx of funds helped the economy grow by 3 percent in 2006 and the manufacturing sector by 12.1 percent in the same year.
The experts at our universities and research centers attract companies with their reputation for excellence and innovation, while low labor costs and high productivity make the region a model for business efficiency. Natural beauty and numerous UNESCO World Heritage sites also add to the attractiveness of Saxony-Anhalt.
| Facts & Figures (2007) | |
|---|---|
| Capital | Magdeburg |
| Area | 20,447km² |
| Population | 2,412,472 |
| GDP per capita | Euro 21,262 |
| University graduates | 6,053 |