Barcelona Business
| In business terms, Barcelona is on the up and up. Over the last decade, the city has fully utilised its potential as the gateway between Iberia and the rest of Western Europe. It has re-established itself as a major Mediterranean port that can compete with the likes of Marseilles and Genoa, thanks in part to the Spanish Ports Law, which has given more independent control to the Autoritat Portuària de Barcelona. Barcelona is one of the largest industrial centres of Spain, with a strong background in manufacturing based on textiles and a large motor industry – Nissan and Seat have vehicle production plants in the city. Along with the port, these are the main employers in the city. Consumer electronics and chemical and pharmaceutical research are other major industrial sectors and the city is also strong in design, publishing and advertising. Although Barcelona has a stock market and a bond derivatives market, it has failed to emerge as a major financial or banking centre to rival Madrid. It is, however, the country’s major convention and trade fair centre, with impressive facilities including Montjuïc 1 and 2, Avenida Reina M Crisina (tel: (93) 233 2000; fax: (93) 233 2386; website: www.firabcn.es), which catered for over two million visitors in 2004, as well as the state-of-the-art World Trade Center (tel: (93) 508 8000; fax: (93) 508 8010; website: www.wtcbarcelona.com) at Port Vell. The Olympic Games in 1992 was a pivotal event in business terms, as it provided the impetus and investment necessary to improve the infrastructure of the city through eight billion dollars of investment. The games’ massive marketing project successfully promoted the city as an efficient, business-like centre and initiated a massive surge of investment in the hotel and tourism sector. The city’s economy has been steadily growing over the past decade, reflected in an Arthur Andersen study for Fortune magazine in 2000, which ranked Barcelona’s economic progress third among cities of the world. This year (2004) alone has seen a further 4% in economic growth. Today, around 45% of all foreign visitors come to Barcelona on business. The number of tourists visiting the city has risen too, from 1.7 million in 1990 to over 3.8 million in 2003. Eixample is the main business district, with Avenida Diagonal at the very heart of Barcelona’s commercial life. The Barcelona Chamber of Commerce is located here (tel: (902) 448 448; fax: (93) 916 9301; website: www.cambrabcn.es). |