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The 2018 edition of the European Commission’s Digital Economy and Society Index (DESI) globally ranks Luxembourg 5th in the EU. The country performs particularly well in the category connectivity (2nd in the EU) and in human capital (5th).

ICT expertise is critical for Luxembourg as it underpins the sustainable development of many other important sectors. As a “big data” hub, Luxembourg offers an excellent location for the development and internationalisation of ICT companies as well as for innovation. Supported by efficient public research infrastructures and projects, this market offers plenty of opportunities for start-ups, SMEs and large enterprises.

ICT expertise is thus underpinning the sustainable development of other important sectors in Luxembourg, such as the financial, media, clean tech, logistics, automotive and space sectors.

The financial sector depends strongly on the fact that Luxembourg has become one of Europe’s top locations for ICT infrastructures (data-centres, connectivity and Internet traffic) and offers specialised expertise to keep their data safe. This is also true for the emerging biotech industry in Luxembourg, which also relies heavily on confidentiality of medical data.

Luxembourg’s ranking among the top countries for ICT, the presence of numerous global players in the country as well as many start-ups, the creation of thousands of jobs all point to one conclusion: ICT IS THE NEW VECTOR OF ECONOMIC DEVELOPMENT OF LUXEMBOURG.

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The United Arab Emirates and Luxembourg have much in common. Their prosperity comes from natural resources and they both pursue economic diversification strategies based on innovation and forward-looking goals. Common areas of interests are knowledge-based economy, the space, logistics, healthtech, and financial services, to name but some. The UAE are the most important partner of Luxembourg in the Middle East in terms of trade and investment. The close and thriving partnership between the two countries will be further strengthened and developed with Luxembourg’s participation in the Expo Dubai 2020. Read more

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