Trieste Propels Forward as a Premier Global Investment Destination

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Photo credits Victor Caneva
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by InTrieste

In an unprecedented gathering titled ‘Trieste, between history and future: regeneration 4.0,’ organized by Bell Group Friuli Venezia Giulia, the city of Trieste took center stage, unveiling its potential for international cooperation and a surge in investments. Distinguished speakers, including FVG President Fedriga, Cesare Lanati, CEO of Bell Group, Davide Albertini Petroni, President of Confindustria Assoimmobiliare, and Mirko Baldini, CEO of Cbre Italy, shed light this Tuesday afternoon on Trieste’s trajectory towards becoming a global investment hotspot.

The spotlight of the conference was on a substantial investment by an American group, a move that reflects the city’s significant opportunities and strategic positioning. Fvg President Fedriga emphasized the pivotal role of the exchange between Interporto and the Port in fostering international collaboration, citing Trieste’s unique geographical advantage.

Cesare Lanati, CEO of Bell Group, highlighted the appeal of Trieste to American investors, attributing it to the city’s public-world synergy. Lanati affirmed, “Trieste has enormous opportunities, and we believe in this city. We are long-term investors, and soon we’ll establish a branch of our group here.”

The resurgence of interest in Trieste was underscored by Michele Da Col, who revealed Generali’s renewed investment in the city. The recent agreement for the Generali Convention Center of Trieste further solidifies the city’s allure, with Da Col noting, “The city catalyzes the great names, and the high-spending tourist typology signals Trieste’s global prominence.”

Friuli Venezia Giulia’s pivotal role in global investment was reiterated, particularly in the life sciences cluster with the presence of companies like Astrazeneca and Novartis. President of Confindustria Assoimmobiliare, Mirko Baldini, emphasized, “There are very few cities in Italy that tick all the boxes the way Trieste does for big investments.”

Governor Massimiliano Fedriga shared exciting developments, stating that Friuli Venezia Giulia boasts the highest growth delta, especially in startups, projecting a 118 percent increase in investment value for 2023. He also unveiled plans for a dedicated area in Porto Vecchio for startups.

The transformation of Trieste, both economically and structurally, is already in motion. Governor Fedriga announced the relocation of the regional headquarters to Porto Vecchio, accommodating a thousand employees and providing pre-prepared services to attract new investors. He highlighted the shift from job creation a decade ago to the present need for responding to investment requests and offering qualified personnel.

In his parting remarks, Zeno D’Agostino, outgoing President of the Port of Trieste, commended the city’s global recognition as an engine of development. He noted that Rome’s substantial investment in the port and growing acknowledgment from Milan signal a paradigm shift, solidifying Trieste’s existence on the international investment map. The economic renaissance of Trieste is well underway, fueled by a strategic alliance between institutions and a collective vision for a thriving future.

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