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Leipzig: New cars and the world's oldest trade fair.

Saxony is involved in three sectors: transport + logistics, energy + the environment and medicine + healthcare. While Porsche and BMW may be the names on everyone's lips, the German Biomass Research Centre (DBFZ) has also made its home here. However, the most important area of the economy is the service sector, which also benefits Leipzig as a centre for logistics.

In transport + logistics, the clusters automobile & supply industry and logistics and services are among the most visible sectors of the Leipzig economy. Porsche's decision to build its new factory for the Cayenne in Leipzig was followed two years later in 2001 by BMW's selection of the city for the construction of its 3-series saloons. Consequently, an ever growing number of suppliers are now moving into the areas surrounding these production complexes.

After successfully attracting automobile industry, Leipzig is increasingly focusing on its role in logistics as the link between international markets. Logistics now forms an independent cluster in the regional economic structure and is developing into a future-oriented network that incorporates service providers, supply industries and consignors as well as the public administration, chambers of commerce, associations, research and educational institutions. However, the service sector is the largest sector of the economy. With 89 companies operating in the financial sector and 50 branches of insurance companies, the city is the most important financial centre in Central Germany. The history of the Leipzig Trade Fair extends back over 800 years and it is believed to be the oldest trade fair in the world.

There are very few locations where the energy + the environment sector have such a broad base in such a small area as in and around Leipzig. The variety of products and services in the area of energy and environmental technology is highly influenced by VNG – Verbundnetz Gas AG and the Leipzig-based European Energy Exchange AG, the only trading exchange for electricity, natural gas, CO2 emission rights and coal in Germany. The German Biomass Research Centre (DBFZ), the Helmholtz Centre for Environmental Research and the utility company Stadtwerke Leipzig GmbH are respected giants in the sector. The region is also home to the Lippendorf power station operated by Vattenfall, which uses the latest technology for generating electricity from lignite, and one of the world's largest solar power stations with an output of 40 MW.

Companies in the energy and environmental sectors also profit from the diverse range of research institutions in the immediate vicinity.

The healthcare industry and biotechnology provide the core areas of the medicine + healthcare field of competence. A number of advanced research institutes are settled here, for example in medical biotechnology, method-oriented fields of bioprocess technology, biosensors, research into active pharmaceutical ingredients, cell and tissue culture techniques, regenerative medicine, gene technology, biomaterials research, medical-technical systems and industrial biotechnology. The University of Leipzig, Leipzig University of Applied Sciences (HTWK), Leipzig Graduate School of Management, Leipzig University Hospital, the Leipzig Heart Centre at the University Hospital, a number of Max Planck Institutes and the Fraunhofer Institute for Cell Therapy and Immunology (IZI) work together in networks to maximise the region's potential, which is also a great attraction for major international medical congresses and regular well-known sector meetings.

Contacts for further information:
Leipzig Tourism and Marketing GmbH