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Eurohub Luxembourg: A prime location for logistics . Press Conference October 14, 2008. From an industry-based to a service-based economy (1970-2007). Value added by branch of activity. 1970. 2007. Source: Statec. Main sectors targeted. Automotive component industry Materials Plastics
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Eurohub Luxembourg: A prime location for logistics. Press Conference October 14, 2008
From an industry-based to a service-based economy (1970-2007) Value added by branch of activity 1970 2007 Source: Statec
Main sectors targeted Automotive component industry Materials Plastics Media, ICT and e-commerce Logistics Health Technologies Environmental Technologies Headquarters and R&D Centers
Eurohub Luxembourg – putting Europe at your fingertips • Strategic geographical location • Multimodal transportation (air/rail/road/barge) • Attractive Tax Environment • Dedicated logistics parks • Multilingual workforce • Easy access to customs administration
79% of European Union GDP within 500 miles of Luxembourg 800 km radius
Action plan for logistics (1) ‹‹ Position Luxembourg as an intercontinental hub in Europe for added value logistics activities›› • Generate new sources for value added activities and economic growth • Create additional employment opportunities
Action plan for logistics (2) Focus on added value logistics activities: • 3rd party logisticswarehousing, late stage configuration, packaging, shipping • 4th party logisticssupply chain management (i.e. organization of supply, production and distribution flows) • Reverse logisticscollection of unsold items, recycling and reconditioning, reintroduction into market and production cycles • Supportive functionseducation and training, consulting
Excellent connectivity to markets (1) 5th largest European freight airport • Handling capacity of 1,200,000 t annual freight • State of the art infrastructure in the cargo centre • Home of Cargolux - largest European freight-only airline - Regular scheduled connections to all continents
Excellent connectivity to markets (2) Multimodal rail/road terminal Luxembourg is established at a the junction of major North-South and East-West railway and motorway corridors • Daily railway connections to the ports of the North Sea • Container handling and storage facility • Piggyback connection between Luxembourg and the French/Spanish border
Proactive Government policies to strengthen the logistics sector • Introduce the fiscal representation • First mover on Authorized Economic Operator concept • Enhance customs services (eCustoms) • Preserve VAT advantages (no prefinancing) • Dedicated logistics parks
Dedicated logistics parks (1) EUROHUB CENTRE (dedicated to air-freight logistics)
Dedicated logistics parks (2) EUROHUB SOUTH (predominantly rail-freight logistics) Connected to the ports of the North Sea Rail/Road interface Highway connection Piggyback opportunity Vicinity of airport Additional land available in adjacent industrial parks
Thank you. www.investinluxembourg.lu