Malaga, Spain is a Smart Mediterranean City with a surrounding innovative ecosystem called Malaga Valley for its high-tech industry, its Smart City initiatives and its entrepreneurial spirit. With a metropolitan population of 1.1 million (8 % foreign), it is a dynamic Southern European hub and the gateway to the famous tourist destination, “Costa Del Sol”.
Malaga’s economic growth was 3.5% in 2015 and 3% in 2016.With an average of 14 companies per day created, Malaga continues to lead regional growth and is ranked 4th nationally.1,000 jobs were created last year in the technology sector as employment in the Andalucian Technological Park (PTA) grew more than 8 %. Malaga boasts one of the largest European business incubator networks, consisting of 14 facilities with capacity for more than 300 startups. The first Spanish National Digital Content Center of Excellence opens in 2017.
Malaga has a rich historical heritage, such as the Catholic Cathedral, the Arab Castle known as “Alcazaba”, the Roman theater and more than 32 museums, including the Museum and birthplace of Pablo Picasso, center Pompidou in Malaga, the Collection from the Russian Museum of Art in S. Petersburg, the Carmen Thyssen Museum, the Contemporary Art Centre and a comprehensive network of museums for music, food , Holy Week, flamenco, popular arts and more. The city is the birthplace of the famous painter Pablo Picasso and the international actor Antonio Banderas. Malaga’s culture is not only an attraction for more than one million tourists every year, but is also part of our way of being, living and working.
Low labor costs juxtaposed with a high quality of life make Malaga an ideal place to live, work and to invest. Malaga promotes business as demonstrated by the extensive network of organizations and institutions dedicated to business and financial support. This comprehensive local and provincial support is supplemented by aid from regional and national administrations.Businesses receive assistance during the different phases of the setup process: office selection, startup grants and financial aids, launch coordination and later continued support. The City of Malaga, through its Productive Economy department, is devoted to building relationships with international companies and providing support throughout the process, by providing customized confidential assistance.