Tenerife Business Investment: Strategic Sectors
The authorities of Tenerife, business organizations and the chief economic and financial personalities of the island are making a firm commitment to economic diversification, currently focused on tourism. This strategic orientation particularly seeks to contribute to establishing business projects in Tenerife.
From the information society to exports
Particular weight is being given, within this search for diversification from the island, to those projects that may be associated with some of the following sectors:
Information and Telecommunications Society: all kinds of companies,
including service companies, serving to provide an answer to the
growing social needs of this area.
Biotechnology: a sector considered one of the most important in
the coming years due to the importance and practical repercussions
of the products to be developed.
Pharmaceutical industry: one of the most reliable points for industrial
development, with high growth figures due to the increase in social
needs.
Business services: the number of companies needing outsourcing of
services of all kinds is increasingly greater.
Telemarketing and call centers: the quality of life and the telecommunications
network, combined with the tax benefits of Tenerife, mean that it
can welcome all kinds of projects of this kind.
Fashion and industrial textiles: an ambitious project has been carried
out in recent years, aimed at developing this sector under the "Tenerife,
Island of Fashion" brand name, that encompasses different designers
and controls the whole process, from manufacture to point of sale.
Promoting exports: the need to extend national markets, growing
internationalization and the geographical position of Tenerife contribute
to those companies dedicated to promoting international trade.
Environment and compilation of residues: This sector appears interesting
due to the capacity of improvement that presents, especially in
insular surroundings like the one of Tenerife. The utilization of
renewable energies also offer attractive conditions.
Technological innovation: the existence of centers of innovation
makes it possible to encourage companies in this sector.
Scientific and technical research: with special attention to undertaking
practical technical applications adapted to business needs.
TV and cinema industry: Tenerife offers special facilities for shooting
all kinds of films, advertising, TV series and documentaries on
the island, that offers 3,000 hours of sun per year and a multitude
of diverse locations.