Success factors Basel Region
Although very modest in scale with a population of 620,000, the Basel region has become established as a major economic region. More than 10 leading global companies have their roots in the region. The unique position of the Rhine, where Switzerland, France and Germany meet, with direct access to all important traffic routes and to the world’s oceans, has always played a major part in ensuring the sustainable economic success of the region. As long ago as the Middle Ages, Basel had already grown to become an important centre for trade, and to this day it remains a major centre for science and research.
Following is an overview of the most important factors that speak in favour of the Basel region:
- Talent Pool: the working population in the region is highly qualified and very multinational. Around 70,000 cross-border commuters from France and Germany travel to work in the Basel region every day, and 40,000 expats have settled here. The proportion of foreigners in the city of Basel is more than 35 percent. People from 165 nations live and work here.
- Knowledge: with its university, which was founded in 1460, Basel has a centuries-old academic tradition. Moreover, innovative companies in the region have acted as a magnet for young talents for many years. The combination of these two factors creates an optimum setting for research and development and repeatedly injects new impetus into the economy.
- Accessibility: the Basel region lies at the point of intersection between France, Germany and Switzerland. It is here, in this three-countries corner, that the main axes of Europe’s road and rail network from north to south and east to west intersect. Only 15 minutes from the centre of Basel, the EuroAirport Basel-Mulhouse-Freiburg connects the region with 90 destinations all over the world. In addition, the Basel region has direct access to the oceans for shipment of goods via the Rhine.
- Quality of life: 57 percent of the expats remain in the Basel region more than four years. This high rate is due to the quality of life and the openness of the population. But the infrastructure also makes a convincing case: both public and private transport are excellent, while schools and healthcare are world-class. As regards culture and local recreation opportunities, the region caters to every need with its intact countryside, world-class art museums and numerous music, theatre and sports events.
- Education: the state schools enjoy a high standing in Switzerland. Tuition fees (even at top universities) stand at around 1000 swiss francs. Accordingly, the federal government, cantons and municipalities invest a lot in the education of the youth and apprentices. The city also has a wide range of international schools at all levels.
- Infrastructure and Real Estate: The Basel region offers a wide choice of real estate options – from large development plots, to production and warehousing facilities, right through to office space and units suitable for light industrial and laboratory purposes. Find out more about the region’s unique infrastructure here.