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 Munich - Business Information

Business Facts

GDP per Capita: $ 56,813
Major Exports: Machinery, Vehicles, Chemicals, Metals & Manufactures, Foodstuffs & Textiles
Major Foreign Exchange Counters: Western Union
Key Industries: Motor Vehicles, Engineering, Publishing, IT, Chemical, Finance, Electronics, Environmental Technology, Trade Show, Food & Clothing
Major Business Hubs: New Munich Trade Fair Center, Sendling & Euroindustriepark

Business Overview
The German’s flourishing economy fits well into the stereotypical model of a developed and fully industrialized European nation and Munich is its leading high-tech location. The city is preferred location for investors due to its unique mix of industries and broad spectrum of service companies, from the very smallest to the very biggest.

This economic center of Southern Europe is a booming service sector followed by economic stimulus industrial sector and a shrinking agricultural sector. This fruitful blend of industries has led national players and international corporations alike to make Munich their business base.

While the service sector of the economy is based on information technology, publishing, finance and biotechnology, on the other had manufacturing remains a central pillar of Munich's economic structure as well. Among its major industries are automobiles, mining of ores, chemical production, machinery and agricultural produce.

Further due to numerous special trade exhibitions, the city is regarded as an international center in this field. The New Munich Trade Fair Center is a renowned venue hosting several trade promoting events including Inhorgenta Europe, Bauma+Mining and Heim+Handwerk.

This global city is home of the headquarters of many famous global players like Siemens A.G. (world's largest electronics company), BMW, Allianz and Munich Re (re-insurance) as well as the German or European headquarters of many foreign companies like Precision Plus, McDonald’s and Microsoft.

Major Business Centers
New Munich Trade Fair Center:
Seeting up the standards in service, functionality & communication possibilities, the New Munich Trade Fair Center is one of the most modern exhibition centers of the world.

The center consists of 17 extremely modern exhibition halls on 180,000m² of exhibition space. While the outdoor exhibition space is 360,000m².

Further the venue is highly flexible with state-of-the-art technical infrastructure and ultramodern presentation & communications technology.

Major Commercial Areas
Sendling:
Located in the southwest of Munich, Sendling is a typical commercial borough of the city with shops & businesses straddling the Plinganserstrabe around the historical core of Sendling.

An urban square, Harras, near Sendling is the busiest square of the borough with number of sprawling markets and commercial activities. The business point of south Munich, Harras has many shops, working places and two of the biggest schools of the city. In the eastern part o the borough lies an another busy area i.e. the Wholesale Market Munich. It is Europe's third-largest grocery market as well as the borough's largest single employer.

Also know as the ‘Munich’s belly’, Sendling houses the legendary fruit and vegetable market as well which is one of the largest in Europe.

Euroindustriepark:
Situated at the north of Munich, Euroindustriepark is a large commercial area of the city.

The area is home to many large superstores like Wal-Mart & Real, furniture shops like Momax, Hess & Moebelix as well as MediaMarkt, Radlbauer with others.

The district also houses the largest Turkish carpet store in Germany called Teppichland. .


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