ARAGÓN come and connect

ARAGÓN come and connect

Why Aragón? Aragón (Spain) is a world class location for multinational companies operating in the areas of Logistics, Automotive industry, Advanced Manufacturing, Business Services and more. Over 200 companies from around the world are already taking advantage of the benefits that Aragón offers. Invest in Aragón / Aragón Exterior is the one-stop-shop in the Government of Aragón (Spain) for the promotion and support of Direct Foreign Investment in our region. We offer: Useful information about Aragón Support to develop your business investment portfolio Assistance in finding industrial and office space Access to public incentives and support Operational and personal support for your set-up process and close ongoing support once your business is up and running. We like to work hand in hand with foreign companies. 1. One of the leading logistics clusters in the world: with superb sea, air, rail and road connections both to Southern Europe and to overseas destinations; Europe s largest logistics park; and world class logistics education and research. 2. Leaders in innovation: one of the tier 1 R&D regions in Spain on a par with other regions in France, UK, northern Italy and Germany. 3. Highly skilled workforce; the most business-friendly labour market in northern Spain. 4. Land surface area (almost twice the size of Belgium) with extremely low relocation costs. 5. Zaragoza (ranking 7th in Europe in terms of quality of life) is located just 1hr 20 from both Madrid and Barcelona by high speed train. Additionally, Aragón is a great place in which to work and live with its mountains and cultural heritage. 6. The most agile public set-up procedure in Spain (in terms of time and cost).

Success stories Over 200 multinational companies can tell of their successes in Aragón: Companies like Inditex or Decathlon have located their international logistics operations in Aragón, together with many logistics service companies (including 20% of the Spanish road transport companies, sea shippers like MAERSK, and many others). GM has its largest factory in the world here and many auto parts suppliers take advantage of having more than 80% of the auto industry in Spain (2nd largest European car exporter) within 350 km. Companies like BSH Bosch und Siemens Hausgeräte GmbH or Valeo perform their R&D in Aragón. Business services firms like Accenture, HP or Capgemini have their IT operations in the region. Companies such as Adidas are here, managing their position as market leaders in Spain and Portugal from headquarters in Zaragoza. GRUPPO INNOVADORES POR PASIÓN Other world class companies operate from Aragón, including Arcelor Mittal, Vestas, ABB, Schindler, Groupe Auchan, Baxter Bieffe Medical, Becton Dickinson, Saint-Gobain, Tarmac Aerosave (Airbus joint venture), and so forth.

How to become a world class logistics cluster 1. Excellent location United Kingdom London Brussels Belgique Belguië (Belgium) Netherlands (Holland) Frankfurt Deutschland (Germany) 2. World class logistics parks With 13,117,977 sqm the largest logistics park in Europe, with air, rail and road modes (and sea freight via railway) Nantes Paris München Land transport flows Maritime flows Bordeaux France (France) Lyon Schweiz Suisse Svizzera (Switzerland) Porto Santander Bilbao Pasajes Toulouse Torino Milano Lisboa Portugal Madrid Zaragoza Tarragona Barcelona Marseille Italia (Italy) The network of Aragonese logistics parks represents 38% of the ocuppied logistics parks surface in Spain Rabat Sevilla España (Spain) Valencia Roma Within 300 km: 60% of Spain s GDP and 25 million people (in Madrid, Barcelona, Bilbao, Valencia, Toulouse) by motorway and railway Within 1,000 km (1 day by lorry): All of France, Portugal, Switzerland, and Spain plus areas of Belgium, Germany, and northern Africa Road and rail connection to 3 Mediterranean ports (Barcelona, Valencia, Castellón) and 3 Atlantic ports (Pasajes, Bilbao, Santander) Air freight infrastructures (largest airport landing strip in Europe) 1hr 20 by high speed train to Madrid and Barcelona; plus 5 international airports within 300 km 38% 21% 10% 9% 7% 7% 8% Valencia Catalonia Andalusia Basque Country Madrid Others Aragón Zaragoza 13,117,977 sqm Plazalogistica.com Huesca 1,157,062 sqm Plhus.org Fraga 875,988 sqm svaragón.com Teruel 2,545,510 sqm Platealogistica.com Tunis Source: Spain Logistics Observer 2011

3. Intermodal infrastructures Result: an optimun location for overseas and regional logistics % of air freight in Spain (by airport) % of rail freight in Spain (by rail line) Source: AENA Source: Ministerio de Fomento (Spain) 60% Zaragoza Airport Cargo Terminal Volume grown 14 times over since 2000, with several million Euros invested in successive improvements and expansion of the installations. Thanks to seven freight companies, there are now flights to Liege, Dubai, Bahrain, Hong- Kong, Seoul, Mexico, Shanghai and Moscow. Zaragoza Maritime Terminal A rail freight terminal, inaugurated in 2001 and enlarged in 2007, this acts as a virtual sea freight terminal for the Port of Barcelona (one of the shareholders). The three-pronged ship-traintruck offer provides great service versatility for entrepreneurs who want to optimize their costs. PLAZA Rail Freight Terminal Inaugurated in June 2008, this is the largest rail freight terminal (750,000 sqm, 19 tracks) in southern Europe and has 750 m long platforms. It is located 15 km from Zaragoza with direct access to the Barcelona Madrid motorway. 50% 40% 30% 20% 10% Zaragoza Madrid Barcelona 15% 10% 5% Madrid - Bilbao Zaragoza - Barcelona Madrid - Valencia Bilbao - Barcelona 4. Logistics knowledge 0% Vitoria 2006 2007 2008 2009 2010 2011 2012 Madrid Barcelona Zaragoza Vitoria 0% 2008 2009 2010 2011 Zaragoza - Barcelona Madrid - Valencia Madrid - Bilbao Bilbao - Barcelona Education & Research In collaboration with the Centre for Transportation and Logistics at the Massachusetts Institute of Technology (MIT), ZLC promotes cooperation between industry, public administration and academia undertaking research and using accumulated knowledge to rapidly reap commercial benefit. MIT-ZLC is a world class centre for education and research in logistics and supply chain management. National Center of Integrated Logistics Created by Spain s Ministry of Education and Science and coordinated by ZLC, it is Spain s center of excellence dedicated to generate knowledge and improve competitiveness in the field of integrated logistics and supply chain management. www.zlc.edu.es www.cnc-logistica.org web.ita.es/cdlogistica Demo Center for ICT Logistics The first ICT logistics Demonstration Centre in Spain is a public space in which interested ICT companies can test and demo technology products and services to improve productivity and competitiveness in the field of logistics. It is coordinated by the Aragón Institute of Technology (ITA) and supported by the Spanish Ministry of Industry and the Government of Aragón. Leading logistics clusters include: Singapore, with its ports and airport; the Netherlands, in particular Rotterdam to Brabant, Breda and Fresh Park Venlo; and the Los Angeles basin, Ontario (with its airport) and San Bernardino. Other leading logistics clusters include south-west Tennessee; north-east Illinois (anchored in the Chicago area); Dubai; São Paulo; Aragón in Spain; and dozens of locations in China. Yossi Sheffi Professor of Engineering Systems and Director, Transportation and Logistics, MIT Outlook on the Logistics & Supply Chain Industry 2012 Global Agenda Council on Logistics & Supply Chains 2011-2012

Success cases in logistics Extensive territory 200,000 sqm 150 million garments From its 200,000 sqm warehouse in Zaragoza, the company receives, organises and distributes 150 million garments per year to Zara shops in North America, Asia, the Middle East and northern Europe using air freight and road transport. 50,000 sqm articles per year 80 Its 50,000 sqm centre in Zaragoza receives products from Portugal, Morocco, Taiwan and Shanghai and delivers to 21 regional warehouses belonging to the group throughout Europe. The centre manages over 80 million articles per year. The enormity of Aragón has a direct impact on office and industrial space (at very competitive prices) and in the availability of some unusually large (>200,000 sqm) undeveloped plots. Availability of Industrial land Single plots of up to 200,000 sqm can be easily found in the industrial parks in the region, located close to the large urban areas. Rental cost in European cities (Euros/sqm/year) 2012 Industrial facilities Zaragoza: 24 Antwerp: 46 Lyon: 46 Paris: 52 Brussels: 55 Milan: 55 Berlin: 56,4 Rome: 57 Rotterdam: 62 Dublin: 65 Hamburg: 66 Manchester: 67,8 Madrid: 69,6 Frankfurt: 72 Birmingham: 74,3 Munich: 75,6 Barcelona: 78 Amsterdam: 90 Stockholm: 99 London: 164,7 Source: Jones Lang Lasalle 60,000 sqm million trays of fish 40 They receive, handle, package and distribute over 40 million trays of fish per year (using air freight and road transport) from their 60,000 sqm facility located next to the airport runway. Availability of new offices in prime locations Recent projects such as EXPO2008 have increased the availability of office buildings in Zaragoza at very competitive rates. Office space Zaragoza: 120 Athens: 214 Barcelona: 216 Lisbon: 222 Copenhaguen: 241 Berlin: 264 Lyon: 270 Brussels: 285 Madrid: 291 Dublin: 323 Amsterdam: 335 Munich: 366 Frankfurt: 396 Rome: 400 Manchester: 405 Luxembourg: 480 Milan: 520 Oslo: 543 Paris: 795 Zurich: 868 London West End: 1283 Source: Jones Lang Lasalle 0 20 40 60 80 100 120 140 160 180 0 400 800 1200 1400

Leading innovation Success cases in innovation Aragón is one of the most innovative regions in Spain (on a par in Europe with most of the UK, northern Italy, and a large part of Germany and France). Some key resources for innovation in Aragón Europe s regional innovation ranking One of 7 Spanish regions with a University among the top 500 in the world (Shanghai ranking). INNOVATION LEADER Engineering: INNOVATION FOLLOWER Robotics and automation (top 3 in Spain). MODERATE INNOVATOR Company which applied for most patents in Spain in 2012 BSH applied for the most patents in Spain in 2012. BSH Spain features the global development centres for the group in drying, washing, ironing, gas cooking and induction cooking. Induction technology used in the cooking appliances for the whole group, for example, was developed in collaboration with the University of Zaragoza. MODEST INNOVATOR Chemistry (Top in Spain in certain fields). Nano and materials. Electrical engineering. Largest medical material sterilization centre in Europe Agriculture and food: No. 1 in Spain, with regional, national and international teams located in the region. With 8 sterilization rooms each measuring 80 m2, the BD plant in Fraga (Huesca) is the largest medical material sterilization centre in Europe. Logistics and cutting edge technology are the key factors at this plant. The BD centre is the largest robotized health supplies warehouse in Spain, and one of the biggest in Europe, with storage capacity for 24,000 pallets. Logistics: No. 1 European research and training centre (MIT); one of 4 leading clusters in Europe. Energy, water and environment: one of the leading centres in Spain and one of the reference clusters in Europe. Big Data. VALEO TÉRMICO S.A. Organisations like the Aragón Institute of Technology (ITA) have significant resources to develop and apply innovations to products. Source: ARWU Shanghái, Ranking I-UGR España Worldwide R&D centre for engine heat exchangers Source: Innovation Union Scoreboard 2012, European Commission In Zaragoza, this French company has established its worldwide research and development centre for engine heat exchangers (EGRC/OC). Over 40 people are developing products for 14 OEM clients from all over the world.

Highly skilled workforce and business friendly labour environment Success cases in human resources Aragón has the most competitive labour costs among the more highly developed areas of Spain, with high quality training, employee loyalty, and unions which have traditionally been eager to reach agreements on flexibility and other working conditions. Unit labor costs 2012 Average annual labor cost 2012 Employee turnover (2007-2011) 23,5 23 22,5 22 21,5 21 20,5 20 19,5 19 18,5 Aragón Spain EU Over 23,000 from 21,500 to 23,000 from 20,500 to 21,500 under 20,500 % 25-65 yr olds with College degree 2012 Labor conflict rates (2007-2011) 0,9 0,85 0,8 0,75 0,7 Aragón Spain Most productive plant in Europe The Opel/GM plant in Zaragoza has increased its productivity by 25% in the last two years. With 6,000 employees and a production capacity of 485,000 vehicles per year, the factory near Zaragoza is considered to rank amongst the top 10 most productive car manufacturing plants in the world. In Zaragoza, GM assembles the Opel Corsa and Meriva models. New vehicles such as the Opel Mokka, Corsa, and Citroën C3 have been assigned to the plant for the upcoming years. Adidas Iberia distributes and manages all its brands in Spain and Portugal Adidas Iberia (Spain & Portugal), one of the 5 European branches of the group, distributes all its brands in Spain and Portugal from its 70,000 sqm warehouse in Caspe (Zaragoza). More than 300 employees work at Adidas Iberia headquarters in Zaragoza and a further 200 in the main warehouse in Caspe. 40 35 Strike participants/ 0,25 Working population Working days lost/ 0,05 Working population 30 25 20 15 10 5 0 Aragón Spain EU 27 0,2 0,04 0,15 0,03 0,1 0,02 0,05 0,01 0 0 Aragón Madrid Catalonia Spain Navarra Basque Country Aragón plays host to second largest HP work team for IT security in Europe HP employs around 1,100 people in Zaragoza. The key factor in HP growth in Zaragoza has been the loyalty of the employees, while the turnover lies well below that of other centres in the group. In Aragón, HP has obtained a full return of the investment in human capital. It develops IT maintenance, support and applications and it plays host to the second largest HP work team for IT security in Europe. HP Zaragoza also provides Barclays Bank with some key back office process outsourcing. Source: INE, Eurostat

Quality of life Agile public set up procedure and support Zaragoza ranks 7th European city in terms of quality of life (according to the Financial Times FdI Intelligence ranking). Aragón is a region with a small, businessfriendly and agile administration... Number of days and cost for setting up an industrial company per region with public support for new investment and job creation NEW INVESTMENTS: Subsidies Up to 15% of total investment in fixed assets (25% and 35% for SMEs). 80% of Aragonese families take their children to school on foot. Flowing traffic (Zaragoza has the lowest traffic congestion of all the big cities in Europe; according to TomTom s Congestion Index, Zaragoza is 59th of 59 cities analysed). International Schools. Warm and welcoming nature of Aragonese people. Pleasant Mediterranean climate: 242 days of sunshine per year. Extensive leisure and cultural activities: Pyrenees (www.aramon.es), 10 golf courses, spas, skiing, Mediterranean beaches nearby; etc. Safety: one of the safest regions in Europe; crime rate per 1,000 inhabitants is 50% lower than the EU or Madrid, and 30% lower than Catalonia, Andalusia or the Spanish average. Cost of administrative process to start operations ( ) 5000 4500 Asturias 4000 CLM Cataluña Baleares 3500 País Vasco 3000 2500 2000 CYL Navarra Canarias Galicia Madrid Andalucía Extremadura Murcia 1500 Rioja Cantabria 1000 Aragón 500 Valencia 0 0 50 100 150 200 250 Days of administrative process to start operations Source: AEVAL 300 SPECIAL FUNDING FOR THE PROVINCE OF TERUEL There is a special investment line for the Government to improve infrastructures needed for industrial projects in the region. Attractive loan conditions are also available directly for private companies. EMPLOYEE SELECTION: FREE Experience in selection processes for Inditex, Decathlon, Accenture, Telefónica, Expo 2008, etc. TRAINING: Agreements for FREE training of new employees - INAEM. Possibility to offer custom-made solutions specific to each company. Subsidies for up to 100% of the training costs (including in-company travel, trainer salaries all costs). NEW EMPLOYEE CREATION: Up to 200,000 in 3 years. FUNDING: Sodiar: Financing through capital and long term loans. Avalia: Public guarantees for loans. FOREIGN INVESTMENT ONE-STOP-SHOP: Aragón Exterior facilitates the implementation process as a one-stop-shop. www.turismodearagon.com www.aragonexterior.com www.investinaragon.com

Logistics Energy, water and environment Automotive industry Key data 38% of the logistic surface area in Spain. 60% of Spanish GDP within 300 km. 3rd most important Freight airport in Spain. Top railway freight line in Spain in terms of volume of goods. Largest logistics platform in Europe: PLAZA 13 million sqm. Aragón offers First class logistics education through MIT program in Zaragoza at Zaragoza Logistics Centre. Direct railway connection to Barcelona Port and hinterland storage services (750,000 sqm). Agile customs for freight dispatch. Research centers: National Centre for Integrated Logistics. Demo centre for Logistics IT. Key data 7,300 MW power installed in the region. 17 million MWh generated per year. Consumption is just half the total amount. 45% comes from renewable energies: amounts to 80% of the total consumption. Strength in hydraulics and wind energy generation. Zaragoza hosts the UN secretariat for water. Aragón offers PTR Industrial park with 8million sqm devoted to recycling industries. Urban cluster for water efficient consumption: Zinnae provides solutions to optimize water generation and uses. Oldest River Basin Authority in Europe: CHE (Confederación Hidrográfica del Ebro) with extensive expertise in water management. CIRCE: research institute on renewable energies. Hydrogen foundation: research centre for hydrogen-based energy. More than 1,800,000 cars manufactured every year within 350 km. The largest GM factory in the world is located in Aragón. Key data 80% of Spanish car production (2nd largest European car exporter) within 350 km of Aragón 15% within the region. 325 suppliers (Tier 1, Tier 2-4, Spare parts producers, Auxiliary Services) and 20.000 employees in the region. One of the top 3 auto regions in Spain. Logistics: 50% Spanish automobile industry is distributed through Aragón (1.25M vehicles). Aragón offers The Aragón Automotive Cluster (CAAR) helps the auto supplier industry develop its competitiveness. Research centres: Aitiip (plastics technology). ITA (regional institute of technology). CENTRO ZARAGOZA: research centre created by insurance companies to analyse car accidents. Technopark Motorland. Auto parts factories supply Spain s OEMs in a 300 km radius

Advanced manufacturing IT & Business services Key data Aragón offers Key data Aragón offers Industrial region: a sector weight of 22% GDP vs 16% Spanish average. Aragón is one of the main industrial regions in Spain. There is special focus on Construction Machinery, Agricultural Equipment, Paper, Iron and Steel, and the Chemical Industry. It is the largest region in Spain in terms of output of cardboard and paper production, amounting to a turnover of 1,400 million. Key industrial clusters located in Aragón: a national cluster of civil works and mining machinery; the elevator equipment cluster; the main water technology cluster; aerospace cluster; bio-health cluster; and so forth. University of Zaragoza, with 7,250 students enrolled in engineering degrees. Wide availability of urbanized industrial land: large industrial parks with plots of up to 200,000 sqm. Zaragoza Fair: Internationally renowned shows such as FIMA (agricultural machinery sector) or SMOPYC (construction machinery). Relevant research capacity in industrial areas: ITA: singular elevator test labs. CIRCE: renewable energy research centre. CSIC national research institutes. INA: institute focused on R+D in nanoscience and nanotechnology Large University: 30,457 students enrolled of whom 7,250 in Engineering studies and in new technologies. Vocational training: 170 centres and 17,000 students of whom 7,000 in technical areas. Over 200,000 sqm of prime new offices available in Zaragoza. Competitive lease costs from just 6/sqm in prime locations. Low employee turnover: 10% below national average. Competitive wages: hourly costs below Spanish average. National centre and reference point for training in new technologies located in Zaragoza. New prime office space at very competitive prices: Expo 2008 site, Digital Mile and Plaza in Zaragoza; Walqa in Huesca. IT cluster Tecnara network: groups together over 100 companies in the region. Free training for new workers.

Agri-food industry Additional resources Aragón offers Key data: Motorland PLATA Airport, Teruel Land surface area (50,000 sq. km), with scarce rain but with large areas of irrigation (500,000 ha) Top Food Technology research team in Spain, one of the leaders in Europe (I-UGR Spain research) In-depth know-how of irrigation technologies. World class food distribution capabilities. Centre of Reference for Food Safety in the University of Zaragoza. Excellent climatic and soil conditions for growing organic products and qualify foodstuffs. Top fresh fish processing and distribution (via air freight) centre in Spain. 3rd largest regional swine livestock in Europe. No. 1 regional alfalfa crop in the world. Binefar auction system (Huesca) establishes Spanish Beef price. Other key products include wine (top Spanish exporter to the US and Canada), fruit, lamb, olives, etc. One of the main industrial sources of agricultural and animal farming equipment in Spain. A unique complex in Spain, devoted to the motor industry. It features several circuits companies can use to test their products on different surfaces (ground, race tracks, speed circuit). Currently it is one of the Moto GP circuits and many automotive-related companies work in the adjacent 220,000 sqm industrial park. Competitiveness clusters 11 clusters (covering sectors such as logistics, automotive, agri-business, health, IT, water, construction machinery, energy and elevators) represent 7% of the official clusters in Spain and perform 15% of the cluster activity (AEIs coordinated by the Spanish Ministry of Industry). The airport in Teruel is the only exclusively industrial airport in Spain. The French company Tarmac (Airbus subsidiary) manages MRO operations in a 340 ha area with a capacity for 400 aircraft. An additional 330,000 sqm of industrial land are available next to the ramps for aeronautical activities. WALQA Technology park A 532,000 sqm technology park on the southern edge of the Pyrenees mountains, especially conceived to boost co-working among business services companies. Large companies such as Deloitte, Indra, Telefónica and Accenture work together with local high-tech companies. Initiatives GRUPPO INNOVADORES POR PASIÓN

300 Km / 25 Million inhabitants 1,000 Km / 250 Million inhabitants SANTANDER 1,000km / 1 day delivery 3h / 100kmh BORDEAUX PASAJES HUESCA 1h15 AVE TERUEL TARRAGONA 1h15 AVE Invest in Aragón - Aragón Exterior Av/Pablo Ruiz Picasso 63A 2A 50018 Zaragoza Spain Tel +34 976 221 571 www.investinaragon.com invest@aragonexterior.es