Hamburg auf dem Weg zur Smart City © -

Hamburg gaining momentum as a smart city

Financial Times study ranks Elbe city third in reference to settlement strategy

Hamburg is well on its way to becoming a smart city after being included among the Smart Locations of the Future drawn up by the fDi magazine, which is published by Financial Times Group. The magazine specialises in foreign direct investments. Hamburg ranked third in the settlement strategy category after Dublin and Vilnius up. Last year, Hamburg had placed ninth.

Digitalisation as an opportunity

Michael Westhagemann, Senator for Economics, noted: “Hamburg is on course for the future. We saw digitalisation as an opportunity early and are consistently focusing on co-operation between business and science. The framework conditions In Hamburg are right for innovative companies and start-ups.” Dr. Rolf Strittmatter, Managing Director of Hamburg Invest, commented: “In the past, Hamburg was primarily perceived as a port and trade metropolis in the international economy. Hamburg has always been much more than that.” The latest rankings show that Hamburg is an innovative and smart location. “This helps us to strengthen the knowledge-based economy on the Elbe by attracting international technology companies,” he added.

Hamburg tops other rankings

Hamburg has already secured top positions in other rankings by fdi. The city ranked fourth in the European Cities Regions of the Future in 2018/2019. In the Digital Economy of the Future ranking, the Hanseatic city reached the top ten in October 2018, and in February 2019, the Hanseatic city ranked third worldwide in the Return on Investmentcategory. As part of the EU’s European Capital of Innovation Award, Hamburg reached the finals of the six best-placed cities last November.

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