(Finance) – Le multinationals Foreign-controlled are only 0.4% of companies in Italy but they are capable of generating 713 billion Euros of turnover, 20.3% of the national total, and contribute largely to the total R&D expenses, representing 22.8%. These are some data on the impact of foreign-controlled multinationals in Italy present in GAI (Global Attractiveness Index) by The European House Ambrosetti released today. According to the study, the greater presence of multinationals enables the creation of supply chains productive: if the incidence of multinationals in Italy aligned with the European average, GDP would grow by 16%.
Furthermore, an increase of 1 percentage point in the added value generated by foreign multinationals generates an increase of 0.19% in the average Italian multiplieror the ability of a company to activate upstream supply chains.
In this regard, an example is represented by Amazon. Sal opening its activities in Italy in 2010, Amazon invested 16.9 billion of euros in the country. According to a recent study by Keystone Strategy, thanks to the indirect effects of Amazon’s investments, more than 40,000 new jobs have been created in Italy in 2022, for example in the construction, logistics and services sectors
“We are pleased that our investments in technologies, innovations and our people support the growth and development of supply chains across Italy. Since 2010 we have invested over 16.9 billion euros in Italy, and 700 million euros in the last 5 years in robotics and artificial intelligence in Europe. We have created 18,000 permanent jobs, paying an average of 49.6 million euros per month in wages to Italian employees in 2022. We will continue to strengthen our contribution to improving the attractiveness and competitiveness of Italy, also through public-private synergies and the promotion of Made in Italy and Italian companies – including the 21,000 SMEs selling on Amazon – with a target of 4 billion in foreign sales by 2025,” he commented Mariangela MarseilleVP and Country Manager Amazon.it and Amazon.es.