Distribution of business investment in Tenerife
Current foreign business investments in Tenerife are associated with the most important sectors of its economic activity, and very particularly with tourism and related industries and services.
Currently, the main industrial activities are:
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Food, drink and tobacco
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Chemical industries
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Mineral, metallic and non-metallic products
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Transport material
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Rubber and plastic manufacturing
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Machinery and equipment for optical and similar products
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Wood and cork
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Electric and electronic material
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Textiles and ready made garments
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Paper, cardboard and graphic arts
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Alternative energy equipment
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Domestic equipment industry (shelving, mattresses, etc.)
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Building industry (prefabricated, cement, metallic coverings, paints)
Tenerife especially wishes to facilitate the arrival of new investments in industry and services associated with the new technologies, telecommunications, the information society, biomedicine, renewable energies, pharmacy, optical products, fashion, jewellery and all those in which there is a significant added value.
Tenerife, with its 799,889 inhabitants and 4,898,003 tourists in the year 2003, constitutes an important market when it comes to offering goods and services. Within the service sectors, it is worth noting the existence of 179,777 hotel places in general, of which 101,014 are extra hoteliers and 78,763 are hoteliers, according to data from the year 2003.