Hello from Abu Dhabi, مرحبا من ابو ظبي,
We are delighted to bring you the new edition of our newsletter, highlighting the exciting developments and achievements in Luxembourg’s economic landscape. The Grand Duchy continues to foster an environment that nurtures innovation, attracts international businesses, and enhances the quality of life for its residents. In this edition, we highlight several articles on innovation, entrepreneurship, and the thriving Luxembourg economy.
ESRIC Start-up Support Programme welcomes the five new ventures
The European Space Resources Innovation Centre (ESRIC) Start-up Support Programme, known for its dedication to nurturing promising start-ups, proudly welcomes five new ventures to its ranks. This initiative plays a crucial role in providing comprehensive support and guidance to these budding entrepreneurs, paving the way for their success and contributing to Luxembourg’s vibrant start-up ecosystem.
Serveto expands its European presence with new subsidiary in Luxembourg
Serveto, a leading European company, has chosen Luxembourg as its base for expanding its European operations. This strategic decision demonstrates the Grand Duchy’s attractiveness as a business hub and its ability to provide an ideal environment for companies to grow and flourish.
US startup Lyten to establish European headquarters in Luxembourg
Luxembourg’s appeal extends beyond European borders, as evidenced by Lyten’s decision to establish its European headquarters in the country. This move highlights Luxembourg’s international competitiveness and its ability to serve as a gateway to the European market for ambitious global companies.
Luxembourg and Korean SK Telecom to exchange on quantum expertise
The collaboration between Luxembourg and SK Telecom from Korea underscores the Grand Duchy’s commitment to advancing cutting-edge technologies. The exchange of quantum expertise will foster innovation in this rapidly evolving field, positioning Luxembourg as a frontrunner in quantum research and development.
Luxembourg Venture Days 2023 a success
The resounding success of Luxembourg Venture Days 2023 further solidifies the country’s reputation as an attractive destination for investors. This event showcased the vibrant start-up ecosystem and provided a platform for entrepreneurs to connect with potential investors, fueling innovation and fostering economic growth.
20 start-ups selected for the Fit 4 Start programme
The selection of 20 start-ups for the prestigious Fit 4 Start programme highlights the continuous support provided to early-stage companies in Luxembourg. This initiative offers a tailored coaching program and financial assistance to help start-ups accelerate their growth and achieve their full potential.
EU innovation performance continues to improve
Luxembourg takes pride in its contribution to the overall improvement of the European Union’s innovation performance. The country’s commitment to research and development, coupled with its supportive ecosystem, has played a significant role in driving innovation and economic progress at the European level.
Luxembourg’s population is one of the youngest in the entire EU
Luxembourg boasts a youthful population, positioning it as an attractive destination for businesses seeking a highly skilled and dynamic workforce. The presence of a young and talented labor force offers a competitive advantage and reinforces Luxembourg’s status as an ideal location for companies to establish and expand their operations.
Luxembourg among the world’s top 20 most liveable cities
The recognition of Luxembourg as one of the world’s top 20 most liveable cities highlights the exceptional quality of life it offers to its residents. A combination of excellent infrastructure, a strong healthcare system, high safety standards, and a rich cultural heritage contribute to making Luxembourg an enviable place to live, work, and raise a family. This accolade further solidifies the Grand Duchy’s status as a global leader in providing a high quality of life.
In conclusion, Luxembourg’s economic landscape continues to thrive, driven by innovation, partnerships, and a supportive environment for start-ups and businesses.
We hope you find this edition of our newsletter insightful and inspiring. As always, the LTIO remains dedicated to keeping you informed about the opportunities Luxembourg offers to companies and investors from the Gulf.
مع السلامة
Jean-Marie Frentz
Executive Director, Luxembourg Trade and Investment Office in Abu Dhabi.